INTERNATIONAL

Nepal to Penalize People for Writing on Currency Notes or Causing Damages to Them

Nepal Currency

Kathmandu: Any damage caused to currency notes and coins by tearing, burning, writing and drawing lines on them will be a crime in Nepal as per a new law coming into force from August 17. As per the Criminal Procedure Code Act 2017, those damaging currency notes and coins through the aforementioned acts could face imprisonment up to three months and a fine up to 5,000 Nepali rupees ($45). Nepal Rastra Bank (NRB), the central bank, in a directive on Wednesday asked the banks and financial institutions to ensure implementation of the law through their staffers, Xinhua news agency reported. (IANS)