We are moving our sites to new servers and some things might not work during this transition. Worry not, we will be done soon.
Chicago Indian Community - ChicagoIndian.com
| | | | | | | | | | |
 


 

Post-demonetisation, Nepal seeks mechanism for exchange of Indian currency


Delhi,National,Indo-Pak/Pakistan,Diplomacy,Business/Economy


Author : Indo Asian News Service

Business/Economy, Diplomacy, National, Delhi, Indo-Pak/Pakistan, Pakistan, IPL Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

New Delhi, Sep 12 (IANS) Following the demonetisation of high-value Indian cuurency notes in November last year, Nepal on Tuesday sought a mechanism whereby such notes that were in circulation could be exchanged.

Delivering a talk on "Nepal Today" organised by the Foreign Correspondents' Club here, Nepal's Ambassador to India Deep Kumar Upadhyay said that Nepal's central bank and the Reserve Bank of India have held several rounds of discussion have been held so that the old Indian Rs 1,000 and Rs 500 could be exchanged by Nepali citizens.

Expressing hope that the issue would be resolved soon, he said the mostly people in Nepal's mountainous regions and pensioners have been mostly affected by the demonetisation move.

"I got many calls from the people in the mountains. I assured them that all your currency notes will be exchanged," he said.

He said that with the festive season around the corner, and with almost every Nepali family having a member in India, "a window" for the exchange of such currency notes should be created for Nepal.

According to the Ambassador, while Nepal sought Rs 25,000 for each account Nepalis hold, India only offered Rs 4,500 in exchange.

--IANS

ab/vd

   Groupon Deals 
 More...
Haircut with Deep Conditioning or Keratin Treatment with Optional Haircut at Privato Salon in Oswego (Up to 72% Off)
Haircut with Deep Conditioning or Keratin Treatment with Optional Haircut at Privato Salon in Oswego (Up to 72% Off) - Chicago, Illinois
$13 for Four Groupons, Each Good for One Pita Sandwich at Eata Pita ($26 Value)
$13 for Four Groupons, Each Good for One Pita Sandwich at Eata Pita ($26 Value) - Shorewood, Illinois
$149 for Glider Flight at 3,000 Feet with One Hour of Ground Instruction at Sky Soaring Glider Club ($299 Value)
$149 for Glider Flight at 3,000 Feet with One Hour of Ground Instruction at Sky Soaring Glider Club ($299 Value) - Chicago, Illinois


Latest Showbiz News

View More News


More News Articles

Will speak up if I face sexual harassment, says Gauahar

Zeenat Aman turns 66, speaks of lessons learnt in life

Pooja Hegde catwalks for a cause

From 'Miss Campus Princess' to 'Miss World': Manushi Chillar's ascent within a year

Salman, Katrina's 'beautiful bond'