Nepal Rastra bank bans use of Indian currency notes

  • Nepal’s central bank ‘Nepal Rastra Bank’ has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations.
  • Under the new regulation issued on December 20, 2019, Nepali citizens cannot carry these denominations to countries other than India.
  • Nepalis are also not allowed to bring such notes from other countries.
  • Indian notes of 100 or below, however, are allowed for trading and conversion.
  • On December 13, the Nepal Cabinet had decided to publish the notification in the Nepal Gazette not to allow people to carry Indian currency notes above 100 denominations in Nepal.

Written by 

Leave a Reply

Your email address will not be published. Required fields are marked *