Nepal Rastra Bank Brings New Rs 1000 Notes In Circulation
July 22, 2020 | Investopaper
Nepal Rastra Bank is going to introduce new Rs 1000 notes from today (Shrawan 7, 2077). The new note has a picture of Mount Everest on the left, a watermark of Laliguran on the right, and the signature of the then Governor Dr. Chiranjeevi Nepal.
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The 1000 rupees note has a picture of two rare twin elephants known as Ram and Laxman in the same size and color as the previous image of one elephant.
There is a written inscription “the banknotes in the same size, type and color of the notes from Ja / 68000001 to Ta / 100999999 are guaranteed by the Government of Nepal. If anyone asks for the payment, Rs. 1000 will be immediately available from NRB.”
See the notice below for full information.
Then what happens to old notes?