Nepal has permitted Indian and Nepalese nationals to bring into or take out of the country Indian currency notes of Rs 200 and Rs 500 denominations up to a value of Rs 25,000, provided those were issued on or after November 9, 2016.
The Nepal Rastra Bank (NRB), in a notice issued on Thursday, said Indian currency notes of Rs 500 and Rs 1,000 denominations issued before November 9, 2016, remain prohibited in Nepal.
However, Indian currency notes of Rs 200 and Rs 500 issued after November 9, 2016, can be carried, brought into or taken out of Nepal by Nepali or Indian citizens up to a limit of INR 25,000 per person, in accordance with prevailing regulations, it said.
Though the provisions were already notified by NRB through a notice published in the Nepal Gazette on February 11, the central bank on Thursday issued the fresh notice reiterating the regulations and clarifying its implementation.
Clarifying the new rules, NRB spokesperson Guru Prasad Paudel said on Saturday that Nepalese
