Nepal Rastra Bank (NRB) issued a new directive permitting Indian and Nepalese citizens to carry Indian currency notes of ₹200 and ₹500 denominations across the India-Nepal border. Previously, only notes up to ₹100 were permitted (as the ₹200 note was introduced in 2017 and ₹500 new note post-2016 demonetisation were newer additions). India and Nepal share an open border under the Treaty of Peace and Friendship (1950). Indian Rupee is widely accepted in Nepal. This move will ease cross-border transactions for families, traders and pilgrims at the world's busiest open international land border.
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Nepal Rastra Bank Permits ₹200 and ₹500 Indian Currency Notes Across India-Nepal Border — Easing Cross-Border Transactions
Key Points
- Nepal Rastra Bank (NRB) issued a new directive permitting Indian and Nepalese citizens to carry Indian currency notes of ₹200 and ₹500 denominations across the India-Nepal border
- Previously, only notes up to ₹100 were permitted (as the ₹200 note was introduced in 2017 and ₹500 new note post-2016 demonetisation were newer additions)
- India and Nepal share an open border under the Treaty of Peace and Friendship (1950)
- Indian Rupee is widely accepted in Nepal
- This move will ease cross-border transactions for families, traders and pilgrims at the world's busiest open international land border
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• Nepal Rastra Bank (NRB): ₹200 + ₹500 Indian notes now permitted across India-Nepal border • Earlier: only up to ₹100 denomination permitted; ₹200 note: issued 2017; ₹500 new note: post-Nov 2016 • India-Nepal: open border under Treaty of Peace and Friendship (1950); Indian Rupee accepted in Nepal • NRB: Nepal's central bank; est. 1956; HQ Kathmandu
