NEW DELHI: Nepal has eased restrictions on the movement of Indian currency, allowing Indian and Nepali citizens to carry Indian Rs 200 and Rs 500 notes issued after November 9, 2016. According to the Nepal Rastra Bank (NRB), the permitted notes can be carried into or taken out of Nepal up to a limit of Rs 25,000 per person.According to news agency PTI, the revised rules permit citizens of both countries to bring the approved currency notes into Nepal, carry them within the country, or take them out, subject to existing regulations.In its latest notice, the NRB clarified that older Indian currency notes issued before the 2016 demonetisation period will continue to remain prohibited in Nepal.CJP Jantar Mantar Protest UpdatesDharmendra Pradhan resigns as Union education minister amid massive student protests’We won’t go’: CJP’s Dipke says protests to continue till all demands metFresh clashes at Jantar Mantar after Pradhan’s exit; tear gas fired, stones peltedThe NRB added that only redesigned Indian Rs 500 notes and Rs 200 notes introduced after November 9, 2016, will be permitted under the new arrangement.The central bank had initially published the provision in the Nepal Gazette on February 11. However, it issued another notice on Thursday to clarify the implementation process and address concerns over cross-border currency movement.NRB spokesperson Guru Prasad Paudel said Nepali citizens would not be allowed to bring Indian currency into Nepal from countries other than India. He also clarified that Indian currency taken out of Nepal by Nepali citizens could only be carried to India and not to any third country.The new provision would facilitate Indian tourists visiting Nepal and Nepalese nationals engaged in trade and business with India, said Paudel.The rule change comes after years of restrictions introduced following India’s demonetisation announcement on November 8, 2016, when the old Rs 500 and Rs 1,000 notes were withdrawn from circulation.Following the move, Nepal had restricted the use and movement of those discontinued Indian notes due to concerns over their circulation and financial impact.The latest decision affects cross-border transactions between India and Nepal, which share an open border and extensive economic links. India remains Nepal’s largest trading partner and a key source of tourists, while thousands of Nepali citizens travel to India for work, education and business.The NRB also stated that Nepali citizens and foreign visitors can bring foreign currency worth up to $5,000, or its equivalent in other currencies, into Nepal without filing a customs declaration. Amounts above that threshold must be declared upon arrival.Get the latest India News and Live updates. Download the TOI app.About the AuthorTOI News DeskThe TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected to the ever-evolving global landscape, ensuring that our readers are equipped with the latest developments that matter most.”Read MoreEnd of ArticleFollow Us On Social MediaVideos3 Arrested In Assam As STF Cracks Down On Alleged Pakistan-Linked Sleeper Cell NetworkDelhi Approves Rs 6,970-Crore Tunnel Corridor To Cut Airport, Mahipalpur Traffic‘Time To Go Home’: CJP Removes Stage, Urges Protesters To Leave Jantar Mantar’Don’t Waste This Energy On One Resignation’: Yogendra Yadav On CJP Future, ‘Police Brutality’RSS Loyalist Pralhad Joshi Appointed As India’s New Education Minister Hours After Pradhan’s ExitPost Protest, Volunteers Launch Cleanliness Drive At Jantar Mantar’Wangchuk, Dipke Joined AISA’s Protest’: Harsh Dubey On NEET, Reservation, Jantar Mantar ProtestJantar Mantar Erupts In Celebration As Pradhan Resigns, Delhi Metro Reopens All Station Gates’Proof That We Can Take Anyone’s Resignation’: Abhijeet Dipke After Pradhan Quits | Jantar MantarEducation Minister Dharmendra Pradhan Resigns After Month-Long Protests, Lathi Charge Fury123Photostories12 traditional Gujarati breakfast dishes and their calorie counts per servingMillions of Indians may be living with hepatitis B without knowing it: A liver transplant surgeon explains why the silent virus is so dangerousNeurologists see these 8 brain health mistakes almost every day, and many people don’t realise they’re making themMonsoon jewellery styling: Why your rainy day wardrobe needs the right accessoriesTV actors who battled cancer: From Helen McCrory to Alan RickmanFrom Kanjeevaram to Banarasi: What different silk sarees say about youFrom ‘Mission: Impossible’ to ‘Bullet Train’: 5 heist films that deserve a spot on your watchlist8 famous foods named after real people10 forgotten Indian protein-rich foods grandparents ate regularlyFrom the cats of Red Keep to a good old game of Cyvasse: All of the ‘GoT’ references in ‘House of the Dragon’ season 3123Hot PicksSchool holiday todayDelhi metroCJP ProtestMumbai rainGujarat RainAIIMS notificationNEET paper controversyAAI recruitment 2026Caitline ClarkTop TrendingMP NEET Arpirant RapeNEET Paper LeakCJP Protester AssaultedKerala IPS Ajith Kumar SuspensionAssam Flood DeathsDelhi Metro Stations ClosedMumbai ProtestUP Amroha WeddingHarbhajan singhIND U19 vs Sri Lanka U19
NEW DELHI: Nepal has eased restrictions on the movement of Indian currency, allowing Indian and Nepali citizens to carry Indian Rs 200 and Rs 500 notes issued after November 9, 2016. According to the Nepal Rastra Bank (NRB), the permitted notes can be carried into or taken out of Nepal up to a limit of Rs 25,000 per person.According to news agency PTI, the revised rules permit citizens of both countries to bring the approved currency notes into Nepal, carry them within the country, or take them out, subject to existing regulations.In its latest notice, the NRB clarified that older Indian currency notes issued before the 2016 demonetisation period will continue to remain prohibited in Nepal.
CJP Jantar Mantar Protest Updates
The NRB added that only redesigned Indian Rs 500 notes and Rs 200 notes introduced after November 9, 2016, will be permitted under the new arrangement.The central bank had initially published the provision in the Nepal Gazette on February 11. However, it issued another notice on Thursday to clarify the implementation process and address concerns over cross-border currency movement.NRB spokesperson Guru Prasad Paudel said Nepali citizens would not be allowed to bring Indian currency into Nepal from countries other than India. He also clarified that Indian currency taken out of Nepal by Nepali citizens could only be carried to India and not to any third country.The new provision would facilitate Indian tourists visiting Nepal and Nepalese nationals engaged in trade and business with India, said Paudel.The rule change comes after years of restrictions introduced following India’s demonetisation announcement on November 8, 2016, when the old Rs 500 and Rs 1,000 notes were withdrawn from circulation.Following the move, Nepal had restricted the use and movement of those discontinued Indian notes due to concerns over their circulation and financial impact.The latest decision affects cross-border transactions between India and Nepal, which share an open border and extensive economic links. India remains Nepal’s largest trading partner and a key source of tourists, while thousands of Nepali citizens travel to India for work, education and business.The NRB also stated that Nepali citizens and foreign visitors can bring foreign currency worth up to $5,000, or its equivalent in other currencies, into Nepal without filing a customs declaration. Amounts above that threshold must be declared upon arrival.
