Nepal Lifts 10-Year Ban on Indian Rs 200, Rs 500 Notes; Travellers Rejoice!

• Nepal officially removed its decade-long restriction on high-value Indian currency notes, allowing Rs 200 and Rs 500 denominations.
• Indian and Nepalese citizens can now carry up to ₹25,000 in Rs 200 and Rs 500 notes when travelling between the two countries.
• The decision follows a review by the Reserve Bank of India and Nepal's subsequent revision of its foreign exchange provisions.
• This move provides significant relief to cross-border workers, students, pilgrims, and tourists, who previously faced fines or detention.
• The ban, in place since India's 2016 demonetisation, had negatively impacted Nepal's hospitality and tourism sectors.

Why It Matters: Nepal lifts ban on high-value Indian notes, easing cross-border travel and boosting economic ties.