April 21: Bank (NRB) has issued a public notice stating the transaction of the fourth edition of Riyal, the currency of Qatar, will not be allowed after May 10. The central bank has also urged the concerned parties and individuals to convert Riyal from the Banking Department of NRB before May 10.
The NRB made such appeal following a decision by the central bank of Qatar to demonetize its old currency notes effective from July 1.
The banknotes can also be exchanged from licensed banks and financial institutions as well as licensed money changers dealing in convertible foreign currency, added the statement.
A large number of Nepali migrant workers are employed in Qatar and therefore the central bank has issued the notice for the convenience of the workers.