Nepal bans Indian currency notes above Rs 100

The Nepal Government has asked its citizens to restrain from keeping new Indian note of Rs 2,000, Rs 500 and Rs 200 denominations. The citizens were asked not to carry  Indian banknotes higher than Rs 100 denominations as the higher denomination notes have not been legalised. This will affect the Indian tourists and Nepali people working in India, those people who carry the currency in Nepal for the transaction. After demonetisation in 2016, India has introduced the new notes of Rs 2,000, Rs 500 and Rs 200 denominations but the Nepal Government has not notified legalisation of new Indian notes.

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