NRB Urges to Keep Currency Notes Clean 

Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives. 

 

Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd on September 15, NRB spokesperson Bhaskar Mani Gyawali made such a request. “We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,” he said, adding that the citizens are also responsible to keep the notes that are national property, clean. 

 

The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.

 

NRB Refutes Deadline Extension Reports 

Nepal Rastra Bank (NRB) has clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). Reacting a news report claiming that it had extended the deadline, NRB spokesperson Bhaskarmani Gyawali said . “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013- 14 if approved by the NRB could be counted on the paid-up capital.” Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.