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Rs-100-note
Kathmandu: Nepal's central bank has announced the ban of Indian currency notes with denominations above Rs 100.
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The Nepal Rastra Bank (NRB) on Sunday issued a circular for the institutions licensed by it notifying them about the ban, reports Xinhua news agency.
Nepal's cabinet in December had decided to ban the use of these currency notes.
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The decision to ban these notes has come a time when the NRB has requested the Reserve Bank of India (RBI) arequesting the latter to allow Nepal to use currency notes with all denominations.
Currently, only the notes with a denomination of Rs 100 and below are freely exchangeable in Nepal.
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