March 29, 2024 14:07 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI
Nepal bans use of high-value Indian currency notes

Nepal bans use of high-value Indian currency notes

India Blooms News Service | @indiablooms | 14 Dec 2018, 04:54 pm

Kathmandu, Dec 14 (IBNS): Nepal has banned the use of Indian currency notes higher than 100 denomination.

The government has asked its citizens to not keep higher denomination notes because Nepal has not legalised Rs 200, Rs 500 and Rs 2,000 Indian Rupee notes, information and communications minister Gokul Prasad Baskota said, The Kathmandu Post reported.

Indian currency notes are commonly used in Nepal by individuals and business establishments.

The latest decision will hit Indian tourists to Nepal and Nepalese workers in India.

The 2016 demonetisation of Rs 500 and Rs 1,000 Indian currency notes adversely affected Nepal and large amount of the useless notes were stuck in the country. The Nepal government had said it would take up the matter with India.


 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.