Nepal Allows Carrying Indian Currency Notes of Rs 200 and Rs 500
Summary
Nepal now allows carrying Indian currency notes of Rs 200 and Rs 500 up to Rs 25,000, easing previous restrictions that allowed only Rs 100 notes or less.
Key Points
- Nepal Rastra Bank permits carrying Indian Rs 200 and Rs 500 notes up to Rs 25,000.
- Previously only Rs 100 denomination was allowed, causing difficulties for Indian tourists and workers.
- The ban on Rs 2000 Indian notes remains effective.
- Allowed notes must be issued by Indian government from November 2016 onwards post-demonetization.
