The Nepal government has decided to ban the use of Indian currency notes of Rs 2,000, Rs 500, Rs 200, denominations. The Indian currency is extensively used by Nepalese people for their savings and transactions.
The government asked the people to refrain from keeping or carrying the Indian notes higher than 100 denominations as it has not legalized them. The decision that could affect Nepalese workers works in India and Indian tourists visiting Nepal, where Indian currency is widely used.
The Indian government introduced new notes of Rs 2,000, Rs 500 and Rs 200 denominations after demonetization of old notes in 2016. Nepalese people have been using the new Indian currency for nearly two years now.