Nepalese central bank seeks Indian help over large denomination notes

rupee-india-money

Nepal’s central bank has asked its counterpart in India to officially permit the use of new high-denomination Indian rupee notes in Nepal, local media reported.

The Nepal Rastra Bank wrote to the Reserve Bank of India asking it to make the newly-issued Indian note denominations legal tender in Nepal. The RBI would have to sign an order under India’s Foreign Exchange Management Act to make the 100, 200 and 2,000 rupee notes legal for use in Nepal, the Kathmandu Post reported.

The newspaper

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