India, July 27 -- Nepal has allowed Indian and Nepalese nationals to bring into or take out of the country Indian currency notes of Rs 200 and Rs 500 denominations, ending a nearly decade-long restriction under which only notes of up to Rs 100 denomination were permitted following India's 2016 demonetisation.

The Nepal Rastra Bank (NRB), in a notice reissued on Thursday, said Indian and Nepalese nationals may carry Indian currency notes of Rs 200 and Rs 500 denominations issued on or after November 9, 2016, up to a limit of Rs 25,000 per person in accordance with the prevailing regulations.

Though the provisions had already been notified through a notice published in the Nepal Gazette on February 11 after the necessary regulations were ...