Nepal Allows Carrying Indian Currency Notes of Rs 200 and Rs 500

Kathmandu. Nepal has opened up to carrying Indian currency notes of Rs 200 and Rs 500 denominations. Previously, only notes of Rs 100 denomination were allowed, but now notes of Rs 200 and Rs 500 denominations can also be carried.

The Nepal Rastra Bank issued a notice on Friday stating that notes of these denominations can be carried up to Rs 25,000. Previously, a circular issued in August last year allowed carrying Indian Rupees up to Rs 25,000, but only notes of Rs 100 or less were permitted.

This had caused hardship for tourists coming to Nepal from India or those returning after working in India. This hardship will be removed with the permission to bring Rs 500 denomination notes. The ban on Rs 2000 denomination notes, however, remains in place.

However, it is mentioned that the notes brought in this manner must be notes issued by the Indian government in November 2016 or later. After India's demonetization, the transport of large denomination Indian notes in Nepal was banned.