The Hindu·3 min read·medium

Nepal eases post-demonetisation curbs on Indian currency; allows ₹200, ₹500 notes

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Nepal eases post-demonetisation curbs on Indian currency; allows ₹200, ₹500 notes
AI Summary

Nepal has lifted a long-standing restriction on carrying ₹200 and ₹500 Indian currency notes, allowing travelers to carry up to ₹25,000. The move aims to facilitate trade and tourism between India and Nepal following the 2016 demonetization policy.

Nepal has allowed Indian and Nepalese nationals to bring into or take out of the country Indian currency notes of ₹200 and ₹500 denominations, ending a nearly decade-long restriction under which only notes of up to ₹100 denomination were permitted following India's 2016 demonetisation.

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