Kathmandu, Dec. 15 -- Nepal's Council of Ministers has decided to lift the ban on high-denomination Indian currency notes of Rs 200 and Rs 500, a government spokesperson confirmed to ANI.

Minister for Information Technology and Communication Jagdish Kharel, who is also the government spokesperson, said the Cabinet meeting held on Monday decided to allow the import and export of Rs 200 and Rs 500 denomination Indian notes.

"But the cap remains up to Rs 25,000 to be carried between India and Nepal," Kharel told ANI over the phone.

Further elaborating, Kharel said, "The provision has been made for Nepalese or Indian citizens to bring Rs 25,000 per person from India to Nepal and take the same amount from Nepal to India. With the government...