India

Nepal Bans Higher Denomination Indian Currency Notes

New Delhi: In what could raise the hackles of Indian travellers, Nepal has banned use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations.
Nepal is a sought-after destination for lakhs of Indians, who visit the Himalayan nation as tourists, pilgrims, traders as well as labourers, every year.
According to Nepal’s Department of Immigration, about one lakh Indian tourists visited Nepal in the first six months of 2018 alone.
The Kathmandu Post quoted Nepal Minister for Information and Communications Gokul Prasad Baskota saying that the Government has asked its citizens not to carry Indian bank notes above Rs 100. The decision was taken at a Cabinet meeting of the Nepalese government on Thursday.
Baskota said the government has not legalised the higher denomination notes. No reason was, however, cited for banning the higher denomination notes.
The new notes of Rs 2000, Rs 500 and Rs 200 were introduced after the Narendra Modi Government’s demonetisation move on November 8, 2016.
Meanwhile, some uncorroborated reports suggested that the Nepalese government took the decision following a request from the Indian side following a spurt in fake currency notes being pumped into India through the porous borders.
OB Bureau

Recent Posts

Odisha CM To Take Holy Dip In Baitarini On Makar Sankranti Today, Check 3-Day Itinerary To Keonjhar

Keonjhar: After returning from Delhi, Chief Minister Mohan Charan Majhi embarked on a three-day visit…

13 minutes ago

Odisha To Be The Highlight Of Singapore President’s State Visit To India From Today

New Delhi/Bhubaneswar: Singapore President Tharman Shanmugaratnam will make a State Visit to India from January…

1 hour ago

Prez Launches 3 Dairy Initiatives To Boost Livestock & Rural Economy In Odisha

New Delhi: President Droupadi Murmu virtually inaugurated three new initiatives - Cow Induction, Gift milk,…

3 hours ago

Makar Sankranti: Know The Significance Of This Festival With Many Names In Odisha

Bhubaneswar: Makar Sankranti marks the shifting of the Sun into the northern hemisphere and ever-lengthening…

5 hours ago

No Entry For Photographers To Konark Sun Temple Without ASI Licence, Rules Orissa HC

Cuttack: The Orissa High Court on Monday ruled that only the photographers approved by the…

13 hours ago

Here’s How Allu Arjun’s Cousin Niharika Reacted To Actor’s Arrest In ‘Pushpa 2’ Stampede Case

Hyderabad: Allu Arjun’s cousin Niharika Konidela, who is making her comeback with the Tamil film…

13 hours ago