Kathmandu, Dec. 10 -- Nepal is preparing to allow the circulation of Indian currency notes above INR100 after India formally gave the go-ahead-nearly a decade after the high-denomination notes were banned in Nepal.

Officials say the decision will significantly ease currency-related hassles for Nepali migrant workers travelling to India, as well as students, pilgrims, medical visitors and tourists from both countries.

"We are in the final stages of opening up the notes," said Guru Prasad Poudel, spokesperson for Nepal Rastra Bank. "We are preparing to publish the notice in the Nepal Gazette, and will then issue circulars to banks and financial institutions about the new rule." He said the official date is yet to be confirmed, but the pro...