Nepal Rastra Bank has begun selling gold and silver coins from its Mint Division in Babarmahal, Kathmandu, with buyers required to present a copy of an identity document showing their number. A long queue formed outside the Mint Division office as people came to purchase the coins.
Coin sales begin at Babarmahal
The sales are being handled by the central bank’s Mint Division office in Babarmahal. People seeking to buy the gold or silver coins must provide a copy of one of the accepted identification documents. The requirement applies to buyers at the Mint Division, where the sales have started.
The documents accepted include a Nepali citizenship certificate or a national identity card. Buyers may also present another document that shows their number. The information available does not specify the coins’ designs, weights, prices or the number that each person may purchase.
Identity documents required for buyers
The documentation requirement means buyers need to bring a copy of an eligible document when seeking to make a purchase. The stated options include citizenship and national identity documents, as well as another document showing the holder’s number. No further details about the process for presenting or verifying the copies have been provided.
The central bank’s Mint Division is the location identified for the sales. Buyers arriving there encountered a long queue outside the office. The queue was reported in front of the Babarmahal premises, where the Mint Division is selling both gold and silver coins.
Long queue forms outside Mint Division
The queue indicates that a substantial number of people were waiting at the office to buy coins, although no figure for the number of buyers was provided. There was also no information available about how long the queue lasted or whether sales would continue beyond the start of the current sale.
Nepal Rastra Bank has not provided further details in the information available about the coins’ denominations, prices, sale quantities or any purchase limits. Buyers planning to visit the Mint Division should therefore note the stated identification requirement: they must carry a copy of a Nepali citizenship certificate, national identity card or another document showing their number. The sales are taking place at the Mint Division in Babarmahal, where the queue formed outside the office.
