Indian rupees will now work in Nepal! Preparation to lift the ban after a decade, know what will be the benefits?

Nepal On Indian Currency: Nepal is planning to introduce Indian notes above Rs 100 into circulation after almost a decade. This information was given in a report published by a Nepali newspaper. High value Indian notes have been banned in this Himalayan neighboring country for almost 10 years.

‘The Kathmandu Post’ Nepali officials were quoted as saying that the move will provide significant relief to the currency problems of Nepalese migrant workers traveling to India as well as students, pilgrims, medical visitors and tourists from both the countries.

Nepal will issue circular soon

Nepal Rastra Bank (NRB) spokesperson Guru Prasad Paudel said that we are preparing to publish a notification in Nepal Gazette regarding this. After that a circular will be issued to banks and financial institutions regarding the new rules. Paudel said that the official date of this new rule has not been decided yet, but the process is in the final stages. There was a demand in Nepal for a long time to remove the ban on high value Indian currency notes as it was causing losses to the tourism industry, especially the hospitality sector. Indian tourists were violating the rules without knowing, due to which many times they had to face arrest and fine.

Changes after RBI amendment

this change reserve Bank of India This comes after the (RBI) amended the Foreign Exchange Management (Export and Import Currency) Rules on November 28, 2025, according to which no person can enter into Nepal any currency of any value up to Rs 100. indian notes Can take it and bring it back. It can also carry notes of denomination above Rs 100 and up to Rs 25,000 in both directions.

Also read: Domestic investors overshadowed the sale of FIIs in December, bought shares worth Rs 39,965 crore

India is the biggest tourist source for Nepal

Currently, tourists visiting Nepal, including Indians, can bring up to $5,000 or its equivalent in convertible currency without declaration. Any amount exceeding this amount must be reported to customs, and tourists cannot take out more than $5,000. At present, India remains the biggest source of tourists for Nepal.