SIRAHA, Dec 7: Influence of Indian currency (IC) has strengthened to the extent that the traders in some villages of southern parts of Siraha do not accept Nepali currency.
People visiting the villages located in southern part of the district such as Sonvarsa, will find wide circulation of IC entirely displacing the Nepali banknotes.
"We accept IC only from our customers. It might be surprising for people of other places but it´s a common practice here,"Ram Datta Yadav, a vegetable vendor at a local fair, said.He further said that other traders are also using IC in local markets.
Ram Udgar Yadav, a local customer also said local people use IC to purchase goods as they trust Indian currency more than Nepali banknotes."Even if we wish to exchange Nepali rupees, we have a compulsion to pay high exchange rate," he said .
Sonvarsha VDC is located 6 km from Laukaha market of India. Nabin Yadav of Bharanwarajpur of Siraha also said that all the transactions from real estate to household goods takes place through Indian currency. "Traders also expect IC from the buyers and buyers also find it more convineient to make purchases in IC," added he.
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