Nepal Rastra Bank (NRB), the central bank of the country, has further clarified its ‘clean currency note’ policy, which bars banking institutions from circulating bank notes 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 today 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 public.The Bank has expected this will further help reuse of bank currency as reprinting of notes was tough during ongoing lockdown.
According to NRB spokesmen DrGunakarBhatta, with this policy there will be no confusion and difficulty to public.He further urged all not to write and sketch on the notes.
Source: National News Agency Nepal