Current Affairs - International - Discussion

Nepal eased its regulations on July 26, 2026, by allowing Indian and Nepalese nationals to carry Indian currency notes of ₹200 and ₹500 denominations across the India–Nepal border. The revised rules permit individuals to carry Indian currency up to a maximum value of ₹25,000 per person, provided the ₹200 and ₹500 notes were issued on or after November 9, 2016. However, pre-November 9, 2016, ₹500 and ₹1,000 notes remain prohibited. The clarification was issued by the Nepal Rastra Bank (NRB), Nepal's central bank, to facilitate smoother cross-border transactions while maintaining regulatory oversight.