KATHMANDU, July 12: Nepal Rastra Bank (NRB) has taken a lenient policy on allowing the use of foreign currencies citing the adequacy of foreign reserves with the country.
Unveiling the Monetary Policy 2025/26 on Friday, the NRB has turned flexible to raise the limit to carry foreign currencies by individuals travelling abroad to USD 3,000 per visit. As of now, the limit has been set at USD 2,500 per visit.
NRB flexible on foreign currencies use citing strong reserve bu...
Likewise, the central bank has also increased the limit of foreign currency use by importers to US $100,000 from US $60,000 per transaction provided the import is done via Document Against Payment and Document Against Acceptance. Similarly, importers using draft and TT will be provided with foreign exchange worth USD 50,000, up from USD 35,000.
As per the 11 months data on Current Macroeconomic and Financial Situation of Nepal, the country’s net foreign currency reserves reached Rs 2.569 trillion (USD 18.65 billion) as of mid-June. The reserve amount is sufficient to cover the prospective merchandise imports for 17.6 months, and merchandise and services imports for 14.7 months.