"We have decided that currency notes of 500 and 1,000 Indian rupees will not be acceptable ... panic-stricken crowds thronged bank machines. “What will I do in the next two days?

(Picture: People stand in line to exchange banknotes outside an India Post branch in New Delhi, India. Credit: Anindito Mukherjee/Getty Images) ...

KATHMANDU: Nepalis stand to lose millions of dollars held in high-value Indian bank notes that ... ill-gotten old notes through Nepal. Shivakoti said Nepal's banks hold 78.5 million Indian rupees ...

saying it was a central bank matter. India fears that if it agrees to Nepal's demand to allow Nepalis to exchange unlimited amounts, a large number of Indians may launder their ill-gotten old notes ...

Indian Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes ... ill-gotten old notes through Nepal. Shivakoti said Nepal's banks hold 78.5 million Indian ...