SOURCE: AFI
Traders along the Indo-Nepal border in Uttarakhand have expressed strong disapproval of Nepal’s recent decision to introduce a new Rs 100 currency note that depicts the disputed regions of Kalapani, Lipulekh, and Limpiyadhura as part of Nepalese territory.
This move has reignited tensions between the two neighboring countries, particularly in border areas like Dharchula, Pithoragarh, where strong cultural and economic ties exist. The region, known for its “roti-beti” relationship, has seen centuries-old traditions of intermarriage and cross-border trade.
However, the introduction of the new currency note has disrupted this long-standing harmony. Traders and businesspersons in Uttarakhand have vowed to refuse these notes, even at the cost of potential economic losses.
Bhupendra Thapa, president of the traders’ association in Dharchula, expressed his discontent, stating, “These areas are an integral part of India, and Nepal’s act is against the goodwill of both countries.” He emphasized the unwavering commitment of Indian traders to reject the controversial notes.
The decision to print the new currency note by the Nepal Rastra Bank, awarding a $90 million contract to China Banknote Printing and Minting Corporation, has further fueled the controversy. The estimated printing cost of $8.99 million for 30 million notes has raised questions about the economic implications of this move.
While the dispute over the border regions has been ongoing, the introduction of the new currency note has added another layer of complexity to the already tense situation. It remains to be seen how this development will impact the cross-border trade and cultural exchange between India and Nepal.