India’s neighbouring country, Nepal has banned the use of Indian currency notes in the denomination of Rs 2,000, Rs 500, and Rs 200, media reports said on Friday (14).
The Nepal government has asked its citizens not to use the Indian currency notes higher than Rs 100 denomination as it not a legal tender in the country, The Kathmandu Post quoted Nepal’s minister for information and communications Gokul Prasad Baskota as saying.
The Indian government introduced new currency notes in the denomination of Rs 2,000, Rs 500 and Rs 200 after the demonetisation of currency notes in the denomination of Rs 500 and Rs 1,000 in 2016.
The Nepal government’s decision to ban Indian currency notes with higher denomination is expected to affect the Nepalese workers in India and Indians who visit Nepal.
For the past two years, the people in Nepal have been using the new currency notes introduced by the Indian government after demonetisation.