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November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.
Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.
According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement.
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<p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p>
<p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p>
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'content' => '<p style="text-align: justify;">November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.</p>
<p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p>
<p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p>
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<p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p>
<p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p>
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