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India 'agrees' to lift ban on 200- and 500-rupee banknotes in Nepal
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Kathmandu, March 15 -- India's central bank-Reserve Bank of India-has "agreed" to allow travellers to carry 200 and 500-rupee Indian currency notes in Nepal but at the same time, restricted them from taking the notes to India.
Bhisma Raj Dhungana, executive director of the Foreign Currency Exchange Department of Nepal Rastra Bank, confirmed the development. He said the condition for one-way transaction could create problems when exchanging currencies, and informed that they were in talks to request the Indian central bank to simplify the process.
Dhungana said that they have also asked India's central bank to allow the use of the 2000 denomination note in Nepal, but the latter refused. Dhungana did not reveal details, but some officials...
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