The Rserve Bank of India, RBI, has agreed to provide rupees one billion in Rs 100 denomination notes to Nepal Rastra Bank (NRB) to ease the acute shortage of 100 Rs notes faced by the Himalayan nation.The NRB's plan to import INR 100 denomination notes was delayed due to the Indian government's move to demonetise INR 500 and INR 1,000 notes on November 8.According to Himalayan Times, RBI recently wrote to NRB that it will be able to provide INR one billion in INR 100 denomination notes. As RBI has agreed to provide INR one billion, NRB officials have said that the central bank is preparing to bring the amount within January.
News On AIR | January 7, 2017 8:49 AM
RBI to provide rupees 1 billion in Rs 100 notes to Nepal Rashtra Bank