Friday, March 18, 2011

New Bank note policy revoked

Nepal Rastra Bank (NRB) has revoked its decision to stop the circulation of bank notes with former King’s pictures.

NRB revoked the decision Wednesday as per the instructions of the Commission for Investigation of Abuse of Authority (CIAA).

CIAA had directed NRB not to implement the decision now as the policy was implemented without following the existing regulations.

CIAA has claimed, NRB did not publish a notice about the bank note policy in the gazette as required by law. nepalnews.com

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