Nepal Rastra Bank doubles daily gold import quota to 20 kg « Khabarhub
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Nepal Rastra Bank doubles daily gold import quota to 20 kg

27 September 2023  

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KATHMANDU: Nepal Rastra Bank (NRB) has expanded the daily gold import quota from 10 kg to 20 kg, a move aimed at facilitating the gold trade in the country.

Previously, importers were allowed to bring in up to 10 kg of gold per day. However, in a recent announcement, the NRB has decided to double this limit to 20 kg.

Importantly, the NRB has also emphasized that gold not imported on a daily basis within a given month cannot be carried over to the following month. This means that any unused import capacity in a particular month cannot be accumulated or transferred to subsequent months.

At a time when the gold smuggling issue has heated the political and social arena, the NRB decision is likely to have a positive impact on the gold market.

Publish Date : 27 September 2023 21:05 PM

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