For Dasain, Rastra Bank had distributed Sukila notes from August 29 to October 10. During that period, approximately one and a half billion rupees of notes ranging from 5 to 100 rupees have been issued directly to the general public from the central and regional offices of the National Bank.
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In this year's Dasain alone, about 56 billion rupees were withdrawn from the National Bank in the form of new and mint notes. For Dasain, Rastra Bank had distributed Sukila notes from August 29 to October 10. During that period, approximately one and a half billion rupees of notes ranging from 5 to 100 rupees have been issued directly to the general public from the central and regional offices of the National Bank.
About 4 and a half billion has been received from banks and financial institutions . During the same period, about 6 billion rupees of Sukila notes have been issued by the National Bank and banks and financial institutions.
In the same period, approximately 50 billion rupees have been withdrawn from Rashtra Bank to banks and financial institutions. Adding the sums given to the general public directly from the National Bank, through banks and financial institutions, and the amount taken by banks and financial institutions, an additional 56 billion rupees were released during Dasain alone.
Along with this, the currency in circulation has also increased to more than eight billion, according to the National Bank. The currency in circulation, which was about 7.5 billion before, has increased to more than 8 billion.
Rashtra Bank's job is to protect and manage printing money in Nepal. Rastra Bank has assessed all the conditions and printed many notes. However, not all the printed notes are sent to the market at once. Looking at the size of the country's economy, economic activity, etc., the National Bank assesses how much money is needed in the market. And accordingly, only the required amount is sent to the market through banks and financial institutions. The money sent to the market in this way is called currency in circulation.
Rastra Bank has been distributing new notes to common people every year not only on Dasain, Tihar, Chhath and other festivals but also on demand. On Dasain and Tihar, the Rastra Bank has been providing facilities with new notes by issuing notices. During Dasain and Tihar, new notes worth 60 to 90 billion were issued from Rashtra Bank. Compared to this, it is said that the notes to be issued during Dasain this year have also decreased.
Especially common people exchange notes of smaller than 100 rate a lot. According to the National Bank, banks and financial institutions have been using more notes with denominations above 100 (500 and 1000). Coins are not counted in this amount. On the occasion of Dasain and Tihar, along with ordinary coins, silver and gold coins, silver souvenir coins and gold asarfis are also being sold.
