Nepal Prime Minister K P Sharma Oli today urged his Indian counterpart Narendra Modi to allow exchange of demonetised high-value Indian currency notes held by the country's banks and the general public at the earliest.
"I requested Modi Ji to facilitate the exchange of demonetised currency notes held in the Nepali banking system and by general public, at the earliest," Oli said at a joint press meet after their bilateral talks.
The landlocked country depends on India for trade and supplies.
Modi, on November 8, 2016, had announced demonetisation of high value currency notes. Indian currency is widely used in Nepal for day-to-day transactions, especially in the border areas.
Also, Nepalese citizens working in India send remittances to their families in Nepal in higher denomination notes.
In March, Finance Minister Arun Jaitley had announced that Nepal would soon get exchange facilities for the demonetised high-value Indian currency notes to ease difficulties faced by Nepalese citizens.
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