Nepal bans Indian currency notes above Rs 100

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.

Asia World

Nepal bans Indian currency notes above Rs 100

The Nepal government has decided to ban Indian money above Rs 100, reported Kathmandu Post

According to News, government has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations.

Nepal government has requested the people to refrain from keeping or carrying Indian bank notes higher than Rs 100 denomination as it has not legalised them, The Kathmandu Post quoted Minister for Information and Communications Gokul Prasad Baskota as saying.

The choice can influence Nepalese workers working in India and additionally Indian travelers visiting Nepal.

The Indian government presented notes of Rs 2,000, Rs 500 and Rs 200 divisions after demonetisation in 2016.

Individuals have been using new Indian money notes in the Nepali market for about two years.