Jan 9, 2017- The Indian government has finally responded to Nepal’s request to form a modality to exchange demonetised Indian banknotes of IRs500 and IRs1,000 denominations held by Nepali citizens.

The Indian government last week wrote to Nepal to propose a date to send its delegates to India to discuss and devise the modality. Responding to the letter from the Indian Finance Ministry, the Nepali side has requested that the meeting be held on Thursday.

“However, Nepal is yet hear from the Indian side regarding the proposed date,” said Chintamani Siwakoti, deputy governor of Nepal Rastra Bank (NRB) and coordinator of a technical committee formed to hold talks with India on the matter. “If the Indian government agrees on the proposed date, our team will fly to Delhi on Wednesday.” Full Story

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