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Nepal, India to sort out banned Indian currency crisis

Delegates from Nepal will also request the Indian govt to allow exchange facility through banks

IANS  |  Kathmandu 

Nepal and India are set to sort out the crisis situation faced by tens of thousands of Nepali migrant workers after the November 8 demonetisation of high-value Indian currency notes. A team led by Nepal Rastra Bank (NRB) Deputy Governor Chintamani Siwakoti is in New Delhi for talks with Indian officials. Last week, the Indian Finance Ministry wrote to the Nepali authorities to propose a date for sending delegates to New Delhi to discuss and devise the modalities for facilitating the exchange of the banned Indian currency for the new notes. Responding to the letter, the Nepali ...

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