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Nepal bans use of Indian currency notes of Rs 200, 500, 2000

Traders and locals are worried over the decision of Nepal government to ban the use of Indian currency notes of Rs 200, Rs 500 & Rs 2,000 in the country.

ANI | Updated: 19 Dec 2018, 10:04:10
Nepal bans use of Indian currency notes Nepal bans use of Indian currency notes

Bhairahawa (Nepal): Traders and locals are worried over the decision of Nepal government to ban the use of high denomination Indian currency notes of Rs 200, Rs 500 and Rs 2,000 in the country. They claim the decision will not only affect the tourism sector in Nepal but would also have a negative impact on the exchange of goods and services between the two nations.  

With this decision Nepali citizens are only allowed to carry or make the transactions using Rs 100 banknotes as it is not specified in the release about ban on this or explained further. 

There was no specific clause or provisions about the new Indian banknotes which were issued after the demonetization move by the Indian Government last November.


First Published: 19 Dec 2018, 10:04:10

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