Kantipur Samachar

The Finance Committee of the Legislature-Parliament on Thursday instructed the Ministry of Finance and Nepal Rastra Bank to sort out the issue of exchange facility of high denomination Indian banknotes as early as possible. The parliamentary panel today sought progress to surrender high denomination Indian currency that is in Nepal after the Indian government decided to demonetise INR 500 and INR 1,000 notes last week. In the meeting, Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara said the finance ministry was holding talks with its counterpart ministry in India seeking exchange facility for Nepal. Mahara said the Indian finance ministry would soon take a decision on the matter.