Nepal’s central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations. The Indian currency is widely used in Nepal.
The Nepal Rastra Bank (NRB) on Sunday issued a circular for the institutions licensed by it notifying them about the ban. Nepal’s cabinet in December had decided to ban the use of Indian currency notes.
Currently, only the notes with a denomination of Rs 100 and below are freely
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