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<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
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<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
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<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
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March 3: The Indian team that arrived in Nepal for the study of exchange of banned Indian currency notes of IRs 500 and 1,000 denominations is said to be positive regarding the exchange.
The Indian team arrived in Nepal on Tuesday, February 28 to study the technical aspect of banking system of exchange of the banned notes. The Indian team discussed with the Nepal Rastra Bank (NRB) and the committee formed by the Bank regarding the issue. The team returned on March 2.
According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.
The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.
It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.
Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF).
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<p style="text-align: justify;">The Indian team arrived in Nepal on Tuesday, February 28 to study the technical aspect of banking system of exchange of the banned notes. The Indian team discussed with the Nepal Rastra Bank (NRB) and the committee formed by the Bank regarding the issue. The team returned on March 2.</p>
<p style="text-align: justify;">According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.</p>
<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
<p style="text-align: justify;">It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.</p>
<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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'content' => '<p style="text-align: justify;">March 3: The Indian team that arrived in Nepal for the study of exchange of banned Indian currency notes of IRs 500 and 1,000 denominations is said to be positive regarding the exchange.</p>
<p style="text-align: justify;">The Indian team arrived in Nepal on Tuesday, February 28 to study the technical aspect of banking system of exchange of the banned notes. The Indian team discussed with the Nepal Rastra Bank (NRB) and the committee formed by the Bank regarding the issue. The team returned on March 2.</p>
<p style="text-align: justify;">According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.</p>
<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
<p style="text-align: justify;">It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.</p>
<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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<p style="text-align: justify;">The Indian team arrived in Nepal on Tuesday, February 28 to study the technical aspect of banking system of exchange of the banned notes. The Indian team discussed with the Nepal Rastra Bank (NRB) and the committee formed by the Bank regarding the issue. The team returned on March 2.</p>
<p style="text-align: justify;">According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.</p>
<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
<p style="text-align: justify;">It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.</p>
<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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<p style="text-align: justify;">According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.</p>
<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
<p style="text-align: justify;">It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.</p>
<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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<p style="text-align: justify;">According to Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank and Vice President of Nepal Bankers Association (NBA) as a representative to the committee said that the Indian team was positive on the exchange of the Indian currency notes in Nepal. “The team will submit a report to Indian government,” he informed. Dhungana, however, said that the final decision related to the exchange depends on the Indian Government.</p>
<p style="text-align: justify;">The Indian team asked about how the Nepali banking and financial institutions identify the real customers. They suspected that Indian black money could enter Nepal. Similarly, they also asked about the provisions on money laundering, action to be taken to customers presenting false details in Nepal and about ‘Know Your Customer (KYC)’. The related committee provided necessary information to the team.</p>
<p style="text-align: justify;">It is learnt that the team has told the committee that there is no problem to exchange Indian currency possessed by the Nepalese. However, Narayan Prasad Poudel, Spokesperson of NRB declined to provide information about the discussion between the two-member team of the Reserve Bank of India (RBI) and the officials of the committee. He told that if the news comes in media, the Indian team could suspect and situation could emerge not to exchange the bank notes at all.</p>
<p style="text-align: justify;">Officials from the Department of Currency Management and Department of Bank Supervision of Reserve Bank of India (RBI) had participated in the discussion. The team had held initial discussions with the high level officials of the central bank and the Ministry of Finance (MoF). </p>
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