Posted on 2009-07-09
JANAKPUR: The Indian Currency (IC) here costs more than the exchange rate due to short supply of IC.
People of bordering villages and Janakpur are in want of more IC notes as they need to go to the nearby Indian cities to purchase daily consumer goods. People have had to pay more for IC as Nepal Rastra Bank has failed to provide enough Indian notes.
The NRB has fixed commission at 40 paisa for exchange of Rs. 100. But, exchange centers have been charging one to three rupees for the exchange.
Chandrika Prasad Singh of Janakpur Money Changer, said the NRB provides just IRs 25,000 a day to each exchange center but each center receives demands of as high as IRs 200,000 per day.
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