NRB Directs Banks to Dispense New Rs 100 Notes Through ATMs
Summary
Nepal Rastra Bank has directed banks and financial institutions to dispense new Rs 100 notes through ATMs ahead of Dashain and other major festivals. The central bank says it has limited publicity for new notes this year and expects currency circulation to rise by 8–10% during the festive season.
Key Points
- Nepal Rastra Bank has ordered banks and financial institutions to make new Rs 100 notes available through ATMs ahead of Dashain and other major festivals.
- Some banks have already started dispensing the new notes through upgraded ATMs.
- NRB says it has limited publicity for new notes this year because of the loss of lives and property caused by the Bhotekoshi flood.
- Currency in circulation stood at Rs 7.94 kharba as of Bhadra 31, and NRB expects it to rise by 8–10% during Dashain.
