The Nepal-India Chamber of Commerce and Industry (NICCI) has welcomed the decision of the Governments of Nepal and India to permit the use of Indian currency notes of Rs 200 and Rs 500 within Nepal, calling it a significant step toward easing cross-border transactions and strengthening bilateral economic ties.
NICCI said the decision reflects the strong spirit of cooperation and mutual understanding between the two neighboring countries and is expected to facilitate cross-border trade, tourism, and people-to-people movement, particularly in border regions and major commercial hubs.
Welcoming the move, NICCI President Sunil KC said the availability of commonly used Indian currency denominations would make travel more convenient for Indian tourists visiting Nepal and encourage greater tourism flows between the two countries. He added that the decision would also benefit businesses operating in the tourism, hospitality, and trade sectors.
Government Spokesperson and Minister for Communications and Information Technology Jagadish Kharel said the decision was taken during a Cabinet meeting held on December 15. According to him, Nepali and Indian citizens will now be allowed to carry up to INR 25,000 in cash in denominations of Rs 200 and Rs 500 while crossing the border. However, only Indian currency notes issued after November 9, 2016, will be accepted.
NICCI noted that the policy would provide practical relief to Indian visitors and Nepali businesses alike by enhancing transparency and convenience in everyday transactions. The Chamber also acknowledged the proactive role of Nepal Rastra Bank Governor Bishwo Nath Poudel, noting that NICCI had raised the issue during a meeting with him on May 28 and received a positive response.
The Chamber further appreciated the coordinated efforts of authorities in both countries in addressing long-standing concerns of the business community. Reaffirming its commitment to strengthening Nepal–India economic relations, NICCI expressed confidence that continued collaboration would promote trade, investment, and sustainable economic growth.
