The Prohibition Of A Large Nominal Banknotes Will Negatively Affect The Gambling Industry

Home » The Prohibition Of A Large Nominal Banknotes Will Negatively Affect The Gambling Industry
January 10, 2022
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In nepal, forbidden the use of a large nominal banknotes of the indian currency, which, according to experts, may cause damage to the gambling industry.

The prohibition of a large nominal banknotes will negatively affect the gambling industry

According to published information, the use of bills with a denomination of 200, 500 or 2000 rupees from now on is prohibited.

This solution will have an impact on the tourist, gambling, as well as the hotel-restaurant business.

«This decision can be a serious obstacle, especially for industries such as tourism, – said basanta raj misra, tourist entrepreneur. – it was assumed that the government will make a number of initiatives to strengthen the indian currency of the small nominal value (up to 200 rupees). It was necessary for campaign «visit nepal 2020»», – added entrepreneur.

India is the largest source market for the casino industry of nepal. Operators make a bet on the rapid expansion of the middle class in the country, which is expected to contribute to economic growth. Gambling in the casino is prohibited in most of india.

Recall that in india they plan the audit of the legislation regulating the gambling industry. The revision of the rules will be made on the basis of tourism legislation.

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