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NRB clarifies clean currency note policy

Khabarhub

May 26, 2020

2 MIN READ

NRB clarifies clean currency note policy

Nepal Rastra Bank. (File photo)

KATHMANDU: Nepal Rastra Bank (NRB), the central bank of the country, has further clarified its ‘clean currency note’ policy, which bars banking institutions from circulating banknotes that are not fit for common use.

As the bank had earlier, instructed banks and financial institutions to strictly enforce the policy and issuing a statement on Monday has further clarified on it.

The NRB has stated that the banks and financial institutions should categorize the currency note on three groups: notes fit for ATM use, common use and ruined ones.

The policy was further interpreted aimed at sending neat and clean currency notes to the public. The Bank has expected this will further help reuse of bank currency as reprinting of notes was tough during the ongoing lockdown.

According to NRB spokesmen Dr. Gunakar Bhatta, with this policy there will be no confusion and difficulty to the public. He further urged all not to write and sketch on the notes.

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