A new order of Nepal government has been issued regarding Indian currency. Now you cannot go to Nepal with more than Rs 5000. Now carrying big notes will also not be allowed. There is a ban on carrying more than Rs 5 thousand for Indians and Rs 25 thousand for Nepalese. Know what is the new order…
India and Nepal, apart from being each other’s neighbours, are also very close to each other socially and religiously. But in recent times, new orders are being issued by the Nepal government due to which the people of India are facing a lot of problems. Especially people living in border areas are facing more problems. Now a decree has been issued by the Government of Nepal regarding Indian currency in Nepal. After this decree, a situation of trouble has arisen among the Indian people. It is being said that according to the notification issued in Nepal, no one can go there with more than five thousand rupees.
Nepal Rastra Bank bans circulation of big Indian currency notes
If you are going to Nepal and have Indian currency above Rs 100, then you need to be careful. Nepal Rastra Bank has issued a new notification regarding Indian currency. Under the new notification, the circulation of Indian notes of more than Rs 100 has been banned. A limit of Rs 5,000 has also been kept. That means, if you are going to Nepal with a maximum of Rs 5000, then it should also have only notes of Rs 100 and below. Only then can you enter Nepal with it. The notification clearly mentions not keeping notes of restricted denomination and doing business within Nepal only in Nepali currency.
Nepal Rastra Bank Notification
In the notification issued by Nepal Rastra Bank, instructions have been issued to carry only Rs 5,000 in Indian currency while coming to Nepal from India. Which may include notes of Rs 100 or less. In this notification, it has also been said to warn Nepal Customs Office. In the notification, citizens of Nepal are allowed to bring cash up to Rs 25,000 to come to India. Due to medical reasons this amount can be Rs 50 thousand. Nepali citizens can avail similar facilities up to Rs 25 thousand from money changer.
Impact on border area market
There are old religious, spiritual, economic, social and political relations between India and Nepal. Due to which no visa or passport is required to travel between the two countries. People from the border areas of both the countries have been visiting each other and doing business. The situation is such that Nepali currency has been in circulation in the border Indian market and Indian currency has been in widespread circulation in the Nepali market. After this decree, there is a possibility of bad impact on the trade of both the countries.
What do experts say
The same experts say that this order of Nepal Rastra Bank will have an adverse impact on the trade in the border areas of both the countries. It is also likely to have an adverse impact on Nepal’s tourism sector. It should be known that the largest number of tourists coming to visit Nepal are Indians. In such a situation, tourists coming to Nepal will have to change currency through money changer. He said that after this order, the possibility of shortage of small Indian notes in the border area will also become stronger. This will affect business. After this order, businessmen of Nepal and Indian region are worried.
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