KATHMANDU, Dec 23: 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.
NICCI said the move reflects the strong spirit of cooperation and mutual understanding between the two neighbouring countries and is expected to significantly facilitate cross-border trade, tourism and people-to-people movement. The availability of these commonly used denominations will help ease financial transactions, particularly in border areas and major commercial centres.
Welcoming the decision, NICCI President Sunil KC said the measure would play an important role in strengthening bilateral tourism. “Allowing the use of Rs 200 and Rs 500 Indian currency notes will make travel more convenient for Indian tourists visiting Nepal and encourage greater tourism flows between the two countries,” he said.
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Under the new arrangement, citizens of both countries can carry up to INR 25,000 in cash in Rs 200 and Rs 500 denominations while crossing the border, aimed at easing cross-border transactions.
According to NICCI, the policy will provide practical relief to Indian visitors as well as Nepali businesses involved in tourism, hospitality, trade and related services. It is also expected to enhance transparency and convenience in everyday transactions, thereby supporting broader economic engagement.
NICCI said it had earlier raised the issue during a meeting with Nepal Rastra Bank Governor Bishwo Nath Poudel on May 28, during which the governor had responded positively. NICCI appreciated the proactive role played by the central bank and Governor Poudel in addressing the long-standing concern.
NICCI also acknowledged the coordinated efforts of the concerned authorities in both countries, noting that the decision demonstrates responsiveness to the needs of traders, entrepreneurs and consumers on both sides of the border.
Reaffirming its commitment to strengthening bilateral economic ties, NICCI expressed confidence that continued collaboration between Nepal and India will further promote trade, investment and sustainable economic growth. The organisation also reiterated its readiness to work closely with stakeholders to ensure effective implementation of the decision and to advance initiatives that foster closer economic partnership between the two countries.
