BIRATNAGAR, Sept 30: Keeping in view the demand for new notes during the upcoming Dashain festival, the Biratnagar-based Eastern Regional Office of Nepal Rastra Bank (NRB) circulated new bank notes worth Rs 1.5 billion through different banks and financial institutions on Sunday alone.
Officials of the regional office said the new notes circulated on Sunday were of Rs 5, Rs 10, Rs 20, Rs 50 and Rs 100 denominations. They told Republica that the central bank was preparing to send another Rs 500 million worth of new bank notes to the eastern regional office.
Nara Bahadur Thapa, chief manager of NRB´s Eastern Regional Office, said bank notes of Rs 5 denomination worth Rs 9.25 million, Rs 10 denomination worth Rs 105 million and Rs 20 denomination notes worth Rs 183 million were circulated through different banks and financial institutions on Sunday. Similarly, the office also brought bank notes of Rs 50 domination amounting to Rs 295.5 million and Rs 100 denomination worth Rs 418.5 million into circulation on the day.
“We will circulate new bank notes for the Tarai region until Tuesday,” Thapa said, adding, “We will start issuing fresh notes for hilly districts in the eastern region only from Wednesday.”
Thapa also said the central bank would necessary arrangement so that people can exchange new banknotes banks and financial institutions without any trouble.
NRB is planning to circulate new notes through 87 banks and financial institutions in the eastern region. Last year, it had circulated Rs 1.4 billion worth of new notes in eastern Nepal during Dashain.
Meanwhile, the regional office has set up a separate counter in its premises for the convenience of general public.
“We hope people won´t have to face any inconvenience this year,” said Thapa.