Nepal eases restrictions on the movement of Indian currency between the two countries by allowing Indian Rs 200 and Rs 500 notes to be brought into or taken out of Nepal up to INR 25,000 per person. The Nepal Rastra Bank (NRB) issues this in a notice, specifying that only Rs 200 and Rs 500 notes issued on or after 9 November 2016 can be carried. Notes of Rs 500 and Rs 1,000 denominations issued before 9 November 2016 remain prohibited in Nepal. The NRB clarifies the arrangement applies to Nepali and Indian citizens, and that movement rules are tied to cross-border travel and trade, with a spokesperson saying Nepalese nationals cannot bring Indian currency from any country other than India and cannot carry it from Nepal to a third country except India. The NRB also reiterates that Nepali nationals and foreign visitors can bring other foreign currencies up to USD 5,000 (or its equivalent) without a customs declaration; amounts above USD 5,000 must be declared on arrival. The change follows earlier NRB notifications and addresses restrictions imposed after India’s 2016 demonetisation of certain high-denomination notes.