Central Bank of Nepal bans the use of India's Rs 2,000, Rs 500, Rs200 notes. Under the new rule and regulation, Nepal citizens cannot carry money having these values. Nepalis are also banned carrying these denominations from other countries.
A circular issued by Nepal Rastra Bank on Sunday. Circular is prohibiting Nepali travellers, financial institutions, banks from holding Indian Rupees greater than Rs 100 means no one can use notes of 2000, 500, 200 in Nepal country.
This is going to affect the Indian tourists visiting the Himalayan Nation because there is wide use of this currency.
However, Indian notes of Rs100 or below, are allowed to use for trading and conversion.
Travel traders and entrepreneurs are extremely annoyed with this ban, they think that it would hurt the country’s tourism.
Nepal central bank bans use of India notes
This is going to affect the Indian tourists visiting the Himalayan Nation because there is wide use of this currency.
However, Indian notes of Rs100 or below, are allowed to use for trading and conversion.
Travel traders and entrepreneurs are extremely annoyed with this ban, they think that it would hurt the country’s tourism.
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