New Delhi: Finance Minister Arun Jaitley said on Friday that the Indian notes which are out of circulation after the ban was imposed on November 8, which are still in Nepal’s financial system, will soon be changed.
Talking to reporters here, Jaitley said that he did not get the report of the two-member team of the Reserve Bank of India (RBI) who had visited Nepal to review the situation after the note-off. He said, ‘This was the autonomous decision of our central bank.’
Jaitley has come here for a two-day tour to participate in Nepal Investment Conference-2007. Nepal has repeatedly asked to change the notes of Rs 500 and 1000 rupees which were withdrawn from the currency after the ban was imposed from India. In this regard, the RBI team also visited Bhutan.
The minister said that talks on this issue between the Nepal Nation Bank (NRB) and the RBI are in progress. Jaitley said, “Restricted notes will be changed, but caution is necessary so that only real transactions are there. I am convinced that they will soon come up with a plan.