Desk. Nepal Government has banned Indian notes of 200 rupees, 500 rupees and 2000 rupees. Now it is illegal to keep them, to buy any goods or to take them to Nepal from India.
The Indian government had made a ban on the country two years ago and now Nepal has banned the circulation of Indian notes of more than Rs. 100. The Nepal Cabinet has ordered the enforcement of this order with immediate effect.
Government of Nepal Appeal:
The Government of Nepal has appealed to the people that they no longer keep notes of more than 100 rupees, notes of 200, 500 and 2000 rupees. That is, in Nepal, only Indian notes of up to Rs 100 will be valid.
The case will be registered under Economic Offenses:
If any person is caught with these Indian Rupees then the case will be registered under economic offense. The jail will also be arrested and sent to jail.
Effect on business:
This decision will affect the trade of both the countries. Nepal’s tourism industry will also be affected. People from different cities of India go to Nepal with Indian currency and easily buy goods. Now, Nepal’s retail market will also be affected. The decisions of the Nepal government will affect millions of Indian tourists and Nepalese nationals working in India.
Stop the use of notes:
Let us tell you that there was a large amount of 500 and 1000 notes in Nepal in the period when the ban was made in India. Because of which the notes were stuck there. In view of this problem, Nepal has now banned the use of these notes in Nepal.
Indian currency went smoothly in Nepal. Thousands of old notes were stuck in many banks of Nepal, which were not back.
On November 8, 2016, the ban was:
Let us know that the Government of India had announced the ban on November 8, 2016, in which notes of 500 and 1000 rupees were banned on old notes. Prime Minister Narendra Modi had described the ban on corruption as a way to get rid of the problem of corruption and black money.