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Modi’s demonetization scheme is approved by the Indian Supreme Court, raising concerns in Nepal

KATHMANDU: Nepal’s banking system holds demonetized Indian currency (IC) worth over Rs 50 million, which the Indian authorities have refused to take back. With the Indian Supreme Court on Monday validating the government’s move to demonetize the Indian currency in denominations of IRs 500 and 1000, everyone in Nepal...

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