Thursday, November 21st, 2024

Monetary policy: Foreign currency loans can no longer be repaid in Nepali currency


23 July 2023  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: The Nepal Rastra Bank (NRB) has announced the removal of the option to repay loans taken in foreign currency in Nepali Rupees as part of its monetary policy for the current financial year 2080/81.

NRB made the monetary policy for the current fiscal year public on Sunday.

The facility, initially introduced during the Covid-19 outbreak, has been discontinued due to the reduced impact of the pandemic.

Publish Date : 23 July 2023 18:57 PM

SC ruling on leaving additional 20 meters along riverbanks not to be implemented now

KATHMANDU: The Supreme Court’s verdict requiring an additional 20 meters

India warns of ‘further damage’ to Canada ties

NEW DELHI: India warned Canada of “further damage” to already

Prime Minister Oli’s visit to China expected to further strengthen bilateral ties

KATHMANDU: A bilateral meeting was held between the leaders of

Cooperative fraud case: Former DIG Chhabilal Joshi’s statement begins in Kathmandu

KATHMANDU: The statement of Chhabilal Joshi, the then vice-chair of

Nepal-India military collaboration talks concluded at NA headquarters

KATHMANDU: Chief of the Army Staff Ashok Raj Sigdel and