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Nepal bans usage of Indian currency notes of Rs 2,000, Rs 500, Rs 200

The decision was announced by Nepal government's spokesperson and Minister for Information and Communications Gokul Prasad Baskota.

Edited by: India TV News Desk, New Delhi [ Updated: December 14, 2018 9:49 IST ]

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The Nepal government has decided to ban the use of high denomination Indian currency notes and use only Rs 100 notes in the country now onwards, according to a report in the Kathmandu Post.  

The decision was announced by Nepal government's spokesperson and Minister for Information and Communications Gokul Prasad Baskota. 

The Nepal government has urged the people of its country to refrain from keeping or carrying Indian bank notes higher than Rs 100 notes as it has not legalised the India bank notes of denomination Rs 200, Rs 500 and Rs 2000, the report said. 

The Nepal government did not make any announcement when new notes were introduced by the Indian government in 2016. The decision is expected to affect Nepalese labourers working in India as well as Indian tourists frequently visiting Nepal.

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