NRB incinerates bank notes worth Rs 476.091 bln « Khabarhub
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NRB incinerates bank notes worth Rs 476.091 bln

02 April 2019  

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KATHMANDU: Nepal Rastra Bank (NRB), the central bank of Nepal, has incinerated Nepali bank notes worth Rs 476,091,900,000 so far. The NRB destroyed the bank notes which had been already tattered, soiled and damaged.

According to NRB, it destroyed Rs 58,281,997,333 bank notes as of April 1 in the ongoing fiscal year 2018/19. Similarly, in the fiscal year 2017/18, it destroyed bank notes worth Rs 40,5770338 while Rs 25,754,210,495 were incinerated in the fiscal year 2016/17.

Likewise, in the fiscal year 2015/16, the bank destroyed Rs 26,277,843,000 old, tattered, soiled and damaged notes.

NRB destroys such kinds of old, tattered, soiled and damaged notes so as not to let them come into use.

Publish Date : 02 April 2019 07:03 AM

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