NRB hasn’t decided if it will distribute new banknotes this Dashain

Kathmandu, September 14

It has been decades that Nepal’s central bank has been letting common people exchange their old banknotes with the new ones ahead of Dashain, the biggest festival of Nepalis.

In the previous years, thousands would queue up in front of designated banks to get the new notes so that they could give it to their family members and relatives as dakshina while putting tika. However, this year, they are not sure if Nepal Rastra Bank lets them queue up amidst the global coronavirus infection crisis.

Nepal Rastra Bank says it has not decided yet whether to distribute new notes. The bank’s Currency Management Department’s Executive Director Rewati Nepal says the bank has not even begun any discussion on this issue. “We have sufficient time before Dashain now. We will make a decision at the beginning of October.”

The 15-day annual festival is beginning on October 17 this year.

Nepal assures there will not be any shortage of new banknotes if the bank decides to distribute them as in previous years.

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