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Rs 500, Rs 2000 Currency Notes Banned
By: Tupaki Desk | 15 Dec 2018 4:43 AM GMT
Yes, Higher Denomination Indian Currency Notes have been banned. This didn't happen in India, but Nepal Government took such a tough decision.
The Nepal Government imposed a ban on the use of Indian Currency Notes in denominations of Rs 200, Rs 500 and Rs 2000. A direction has been passed asking Nepalese People to refrain from storing or carrying Indian Currency Notes higher than Rs 100. Nepal's Information & Communications Minister Gokul Prasad Baskota informed about the decision taken by the government in this regard.
Though Nepal have its own currency, A lot of people use Indian Currency for transactions in various forms. Demonetisation in India had a huge impact on Nepal where Indian currency is extensively used. Ban of Indian Currency in Nepal would adversely affect the Nepalese labourers working in India and Indian Tourists visiting Nepal.
The Nepal Government imposed a ban on the use of Indian Currency Notes in denominations of Rs 200, Rs 500 and Rs 2000. A direction has been passed asking Nepalese People to refrain from storing or carrying Indian Currency Notes higher than Rs 100. Nepal's Information & Communications Minister Gokul Prasad Baskota informed about the decision taken by the government in this regard.
Though Nepal have its own currency, A lot of people use Indian Currency for transactions in various forms. Demonetisation in India had a huge impact on Nepal where Indian currency is extensively used. Ban of Indian Currency in Nepal would adversely affect the Nepalese labourers working in India and Indian Tourists visiting Nepal.
