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NRB eases foreign currency limits for BFIs on investments and payments

The central bank has permitted financial institutions to invest an additional ten percent in high-grade foreign government bonds.

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  1. 0:01Nepal Rastra Bank has revised foreign
  2. 0:04exchange rules to give financial institutions
  3. 0:06more investment flexibility
  4. 0:09Institutions can invest an extra 10 percent
  5. 0:12in top-rated foreign government bonds
  6. 0:15Hedging is now permitted for foreign
  7. 0:17currency loans and capital goods imports
  8. 0:19across key sectors
  9. 0:22Commercial banks can now facilitate service
  10. 0:25import payments up to $30,000 for
  11. 0:27non-India transactions
  12. 0:30For the full story visit wenepal.com
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