Nepal Government bans India’s 2000, 500 and 200 rupees note
Economy, India

Nepal Government bans India’s 2000, 500 and 200 rupees note

New Delhi: Nepal Government has imposed a ban on the new notes of Rs 2000, 500, and 200 of India. Information and Broadcasting Minister of Nepal Gokul Prasad Baskota gave this information on 13th December. However, the cabinet took this decision on December 10.

As per the leading website of Nepal, the government has said that only the old notes of Rs 100 will be valid. The Govt urged people to not to keep Indian notes larger than Rs 100. Post demonetisation, Nepal government has not declared the new Indian notes as valid. The cabinet decision has been implemented with immediate effect.

The website report suggests that millions of old Indian notes are still stuck in Nepal after the demonetisation announced in the year 2016. As per another leading international news agency, the central bank of Nepal had said that they have old Indian notes worth about eight crores.

Indian notes have been in circulation in Nepal in trade for very long. After Modi government decided to implement the note ban in India, people had to face difficulties in Nepal too.

The Government of Nepal had requested several times to the concerned Indian authorities to withdraw these old currencies, but the Government of India is yet to respond to the demand.

As per news reports from Nepal, the Nepalese government has taken this stern step following the zero response from its Indian counterpart. But on old hundred rupees note no words have been said so far.

It is yet to be clarified how the new Indian notes which were introduced in Nepal will be returned.

Also read: 

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New Rs 100 note brings worry to ATM operators

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