Begin typing your search...

    Nepal bank announces ban of Indian notes above Rs 100

    Nepal's central bank has announced the ban of Indian currency notes with denominations above Rs 100.

    Nepal bank announces ban of Indian notes above Rs 100
    X

    Kathmandu

    The Nepal Rastra Bank (NRB) on Sunday issued a circular for the institutions licensed by it notifying them about the ban, reports Xinhua news agency.

    Nepal's cabinet in December had decided to ban the use of these currency notes.

    The decision to ban these notes has come a time when the NRB has requested the Reserve Bank of India (RBI) to allow Nepal to use currency notes with all denominations.

    Currently, only the notes with a denomination of Rs 100 and below are freely exchangeable in Nepal.

    Visit news.dtnext.in to explore our interactive epaper!

    Download the DT Next app for more exciting features!

    Click here for iOS

    Click here for Android

    migrator
    Next Story