Reserve Bank Of India To Give 1 Billion INR In 100 Rupee Notes To Nepal Rashtra Bank

National News, News

Reserve Bank of India (RBI) will supply Nepal Rashtra Bank (NRB) with 1 billion INR in 100 INR currency notes. Since demonetization was announced, Nepal had been in problem as Indian currency is freely exchanged in the country. Due to the shortage of 100 INR notes, NRB had to reduce the exchange limit. At the moment, any Nepali citizen can exchange up to 2,000 rupees by submitting proof of citizenship.

Nepal Rashtra Bank
Nepal Rashtra Bank

People travelling to India can exchange up to 10,000 INR by showing copy of train or air ticket. People travelling to India for medical check-up can exchange up to 25,000 INR. These limits will be in force until RBI can guarantee regular supply of cash. At the moment Nepal has 3.5 billion Indian currency tucked away. Another 1 billion will allow NRB to exchange Indian currency till September or October.

Please follow and like us:

You May Also Like

The McGold Card, Revealed! McDonald’s Irresistible Gold Card For A Select Few Speculations have been there for ages but actor Rob Lowe recently revealed that there really exists a McDonald's Gold card, aptly called the "McGold C...
Baahubali Sequel In The Making, To Release In April, 2017 The multi-starrer bilingual 'Baahubali : The Beginning'  was released in July, 2015 and changed the history of Indian cinema forever. Making record co...
“Make No Mistake, We Will Win And Groups Like ISIL Will Lose” – Barak Obama From a shared platform with French President François Hollande, US President barak Obama sent out strong messages to the terrorist group ISIL and all ...
Soumyajit DasMazumdar on FacebookSoumyajit DasMazumdar on LinkedinSoumyajit DasMazumdar on Twitter
Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

Leave a Reply