Nepal eases post-demonetisation curbs on Indian currency; allows ₹200, ₹500 notes
Nepal has lifted a nearly decade-long ban on Indian currency notes of ₹200 and ₹500 denominations, which were prohibited following India's 2016 demonetisation. The Nepal Rastra Bank (NRB) reissued a notice on July 23, 2026, allowing Indian and Nepalese nationals to carry these notes up to a limit of ₹25,000 per person. The revised regulations permit redesigned ₹500 and ₹200 notes issued after November 9, 2016, while pre-demonetisation ₹500 and ₹1,000 notes remain banned. NRB clarified that Nepalese nationals cannot bring Indian currency from any country other than India, nor carry it to a third country. The move is expected to facilitate travel and cross-border transactions between India and Nepal, which share an open border and close economic ties. Additionally, travellers can bring up to $5,000 in foreign currency without customs declaration, but amounts exceeding that must be declared.
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