Kathmandu
Nepal’s central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.
Nepal Rastra Bank yesterday issued a circular prohibiting Nepali travellers, banks and financial institutions from holding or carrying and trading Indian bank notes higher than Rs 100, the Kathmandu .
The central bank said in its circular that Indian currency of Rs 200, Rs 500 and Rs 2,000 denominations cannot be carried and used for trading, it said.
