Dashain Demand Pushes Cash Circulation to Rs. 857 Billion in Nepal
Summary
Cash circulation in Nepal has climbed to Rs. 857 billion ahead of Dashain as demand for banknotes surges across the country. Nepal Rastra Bank has already exchanged around Rs. 13 billion in new and clean notes, with more demand expected as the festival nears.
Key Points
- Cash in circulation in Nepal rose from Rs. 794 billion at the end of Bhadra to Rs. 857 billion by Ashwin 28.
- Nepal Rastra Bank says an additional Rs. 63 billion entered circulation in Ashwin alone due to Dashain demand.
- Around Rs. 13 billion worth of new and clean banknotes have already been exchanged through NRB and commercial banks.
- NRB is offering note exchange services for multiple denominations as people prepare cash gifts for Dashain.
