The Reserve Bank of India (RBI) has lifted its restriction on the use of Indian banknotes above Rs 100 in Nepal and Bhutan. According to a notice in India’s Central Gazette, travelers may now carry high-denomination notes totaling up to Rs 25,000. This reverses the 2016 demonetization rule that prohibited the circulation of larger notes in Nepal. The move is expected to ease payments for tourists and help Nepalis returning from India exchange their currency, supporting smoother border trade.
