Nepal government bans use of Indian notes above Rs 100
The government has decided not to use, carry and keep the Indian bills of 200, 500 and 2000 denominations
The Nepal government has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.
Indian currency is extensively used by Nepalese people and businesses for their savings and transactions. The government has asked the people to refrain from keeping or carrying Indian bank notes higher than Rs 100 denomination as it has not legalised them, Nepal's Minister for Information and Communications Gokul Prasad Baskota said on Friday.
"The government has decided not to use, carry and keep the Indian bills of 200, 500 and 2000 denominations. The government will soon issue a formal notice in this matter," he said. The decision will adversely affect Nepalese labourers working in India as well as Indian tourists visiting Nepal.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Sign up for all the latest news, top galleries and trending videos from Mid-day.comSubscribe