The central bank of which country has recently banned the use of Indian currency notes?
A. Pakistan
B. Bangladesh
C. Nepal
D. Sri Lanka
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Nepal banned the use of Indian currency
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Answer:
The central bank of Nepal has banned the use of Indian currency notes.
Explanation:
The Nepal Rastra bank (NRB), the primary bank of Nepal, has currently notified the ban of Indian currency notes with denominations above Rs.100.
According to the new rule, Nepali residents can not deliver these sects to different countries besides India. In addition, Nepalis also are no longer allowed to carry such notes from different countries.
The central bank has issued a circular stated as that Indian sects of Rs.200 , Rs 500 and Rs 2000 cannot be carried and used for buying and selling.
At that situation in Nepal, only the notes with a value of Rs. 100 and under are freely interchangeable.
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