Prachanda Dials Modi Over Demonetisation 

Nepal Prime Minister Pushpa Kamal Dahal "Prachanda" has telephoned his Indian counterpart Narendra Modi to seek exchange facility for demonetised Indian currency in circulation in his country, the Prime Minister's Office said.

During a five-minute conversation on Monday night, Prachanda congratulated Modi on his move to crack down on black money and corruption, Xinhua news agency quoted an official statement as saying.

PM Modi has assured Prachanda that he would address the problem faced by Nepal where Indian currency is widely used. The demonetisation move is affecting Nepali nationals due to large scale use of Indian currency in the Himalayan country.

According to this IANS report, Prachanda took personal initiatives to address the problem of exchanging demonetised currency notes in Nepal.

The Nepali central bank had written to the Reserve Bank of India last week regarding the 500 and 1,000 rupee notes in circulation in Nepal.

With inputs from IANS