Ban on INR 500, 1000 bank notes hits border area people hard

Dhangadi, November 10

The Indian government’s decision to ban 500 and 1,000 INR bank notes has hit people in border areas of the far-west hard.

People who have gone Indian cities for medical treatment with Indian currency are bearing the brunt of the ban.

Sharada Airi from Belauri, Kanchanpur, said he had sent his mother to Haldwani, India for treatment with 500 and 1,000 Indian bank notes. “But, with the ban on those notes, treatment has yet to start,” Airi complained.

The ban has left migrant workers tense. “I came with big bank notes as it would be convenient,” Bam Bahadur Bam of Barchhain, Doti said. Bam added that 500 and 1,000 notes had become a real problem after the ban.

First class non-gazetted officer Bir Bahadur Thapa at Passengers’ Section at Gaddachauki Customs Office said that the ban had halted revenue collection at the customs office. Staffers said revenue collection had dropped substantially at Trinagar Customs Office, Kailali.

Federation of Nepalese Chamber of Commerce and Industry Kanchanpur chapter First Vice-chairman Junga Bahadur Malla asked the government to manage the problem through diplomatic channels. Malla said the ban had made service seekers at his money exchange Centre tense. “Ninety-five per cent service seekers demand Nepali notes in exchange of Indian bank notes,” Malla said.

The ban has also hit people who used to trade in Indian currency notes with up to 5 per cent commission illegally.

Narnedra Khadka, chairman of Federation of Nepalese Chamber of Commerce and Industry Doti Chapter said since Indian currency notes were used in the border areas of the region and locals had large amount of Indian bank notes. Indian notes are mostly used in border areas of Baitadi, Darchula, Kailali and Kanchanpur.