If you are planning to visit Nepal or go for business, then there is good news for you. The Government of Nepal has allowed Indian and Nepali citizens to take Indian currency up to Rs 25,000 with them and bring it back to Nepal. However, this facility will be applicable only on notes of Rs 200 and Rs 500 issued after November 9, 2016.
Nepal Rastra Bank (NRB), the central bank of Nepal, has issued a new notice in this regard. According to this, any Indian or Nepali citizen can bring Indian notes of Rs 200 and Rs 500 up to Rs 25,000 with him to Nepal or take them from Nepal to India.
old notes will not work
This rule will be applicable under the existing foreign exchange laws. However, old Indian notes of Rs 500 and Rs 1,000, issued before demonetisation, will still be completely banned in Nepal. This means that these old notes can neither be taken to Nepal nor can they be used there. Nepal Rastra Bank said that this rule was also published earlier in Nepal Gazette on 11 February. Now once again the rules have been clarified by issuing a notice, so that there is no confusion among the people.
You can take money from India
Nepal Rastra Bank spokesperson Guru Prasad Paudel said that Nepali citizens can come to Nepal only with Indian currency from India. They cannot bring Indian notes from any third country to Nepal. Similarly, taking Indian currency from Nepal to any other country will also not be allowed. Indian currency can be transported only between India and Nepal.
Nelal’s tourism benefits
The Government of Nepal believes that this decision will provide great convenience to the tourists coming from India and the people doing business between the two countries. There is an open border between India and Nepal and every year millions of Indian tourists visit Nepal. A large number of Nepali citizens work, study and do business in India. In such a situation, the new rules will make it easier for people of both the countries to travel and transact.
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