Indian traders in border towns to boycott nepal's new Rs.100 notes
Pithoragarh, Dec. 4 -- Indian traders operating in border towns of Pithoragarh and Champawat districts along the Indo-Nepal frontier have decided to boycott Nepal's newly issued Rs.100 currency note, which depicts Kalapani, Lipulekh and Limpiyadhura-territories that India maintains are part of Uttarakhand.
"Though the new Rs.100 note has not yet reached our markets in the border towns, even if it does, Indian traders will not accept or exchange it," said Bhupendra Thapa, president of the traders' body in Dharchula, a border town in Pithoragarh district.
In Indian towns along the Indo-Nepal border, many traders accept Nepalese currency from customers and later exchange it at branches of Nepal Rastra Bank, while others run currency-exchange shops that operate on a commission basis.
The Nepal Rastra Bank on November 27 issued the new Rs.100 note featuring the disputed areas. "We had heard about Nepal's decision to feature our territories on their currency a year ago and opposed it. We had also issued a boycott call then," Thapa said.
India has termed Nepal's move an "artificial enlargement of territorial claims" and a unilateral act....
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