August 05, 2020
Home  »  Website  »  International  »  Nepal Govt Bans Indian Currency Notes Of 2000, 500, 200 Denomination

Nepal Govt Bans Indian Currency Notes Of 2000, 500, 200 Denomination

People have been using new Indian currency notes in the Nepali market for nearly two years since demonitisation in 2016.

Google + Linkedin Whatsapp
Follow Outlook India On News
Nepal Govt Bans Indian Currency Notes Of 2000, 500, 200 Denomination
Representative Image-File
Nepal Govt Bans Indian Currency Notes Of 2000, 500, 200 Denomination
outlookindia.com
2018-12-14T11:41:56+05:30

According to a media report, the Nepal Government has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations.

Before this ban, people could use the Indian currency to make any purchase in Nepal, and in return receive Nepalese rupees in change.

The government has asked the people to refrain from keeping or carrying Indian bank notes higher than Rs 100 denomination as the Government hasn’t legalized the use of it, the Minister for Information and Communications, Gokul Prasad Baskota SAIS, The Kathmandu Post reported.

Nepalese labourers working in India as well as Indian tourists visiting Nepal will be affected by this decision.

The Indian Government introduced notes of Rs 2,000, Rs 500 and Rs 200 denominations after demonetisation in November, 2016.

People have been using new Indian currency notes in the Nepali market for nearly two years.

PTI

 

Next Story >>
Google + Linkedin Whatsapp

The Latest Issue

Outlook Videos