KATHMANDU, Sept 29: Foreign Direct Investment (FDI) in Nepal reached Rs 264 billion by the end of the fiscal year 2021/22. According to Nepal Rastra Bank (NRB), the total FDI increased by 16 percent compared to the fiscal year 2020/21.

NRB to allow import of 20 kg gold daily

September 28, 2023 14:00 pm

KATHMANDU, Sept 28: The amount of gold that can be imported to the country daily has been fixed at 20 kg.

KATHMANDU, Sept 22: Nepal Rastra Bank (NRB) has doubled the daily gold import quota.

KATHMANDU, Sept 19: Governor of the Nepal Rastra Bank (NRB), Maha Prasad Adhikari, has said the situation of trade deficit would end if power worth Rs 130 billion is exported annually.

KATHMANDU, Sept 16: In yet another effort to raise domestic loans amid ongoing crunch in its financial resources, the government is issuing development bonds worth Rs 9.4 billion.

KATHMANDU, Aug 18: In the fiscal year 2079/80 BS (2022/23), Nepal witnessed an influx of remittances, averaging over 100 billion monthly. According to the annual data of last year released by Nepal Rastra Bank on Friday, a total of Rs 1.2 trillion was received in remittances till mid-July. In the last fiscal year, remittances surged by 21.2 percent compared to the previous year.

KATHMANDU, Aug 14: The Mint Division of Nepal Rastra Bank (NRB) has started weighing the gold which is said to be around 100 kg and which was seized from outside the Tribhuvan International Airport (TIA) a few weeks back.

KATHMANDU, Aug 11: The development bond-2088 BS worth Rs 10 billion over an eight year period will be sold through auction on Sunday. On behalf of the government, Nepal Rastra Bank (NRB) is going to raise loans through development bonds.

KATHMANDU, Aug 9: The Government of Nepal has given approval to Nepal Rastra Bank (NRB) to mint 150 million coins each with the denomination of Rs 5.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has increased the ceiling on use of foreign currency on imports to US $60,000 from existing USD 50,000 for one-time transaction.

KATHMANDU, July 30: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said the Monetary Policy for the current fiscal year came with a review of the overall existing scenario of the nation's economy.

KATHMANDU, July 28: Nepal Rastra Bank (NRB) has amended the Unified Directives 2079 BS issued for A, B and C class banks licensed by the central bank.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that special arrangements will be made for borrowers who are in trouble due to various natural disasters.

KATHMANDU, July 24: The private sector has slammed the Monetary Policy 2023/24 unveiled by Nepal Rastra Bank (NRB) on Sunday, stating that the policy would not effectively help revitalize the economy, which is in dire straits.

KATHMANDU, July 20: At a time when Finance Minister Dr. Prakash Sharan Mahat is publicly assuring that all the problems seen in the economy will be addressed through monetary policy, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has stated that the monetary policy has its limitations and cannot address all the economic problems with its limited tools at its disposal.

KATHMANDU, July 10: The consumer price inflation moderated in the eleventh month of the current fiscal year.

KATHMANDU, July 7: Nepal Rastra Bank (NRB) has directed banks and financial institutions to extend Saturday services for the next two weeks in view of the closure of the current Fiscal Year (FY) 2022/23.

KATHMANDU, July 5: Nepal Rastra Bank (NRB) is going to issue development bonds worth Rs 10 billion on July 6. The government has been using development bonds as a tool to raise internal debt.

KATHMANDU, July 4: Stakeholders and experts have urged Nepal Rastra Bank (NRB) to endorse a prudent monetary policy that could address the ongoing economic slowdown and problems seen in the country’s financial sector.

KATHMANDU, June 29: A total cash worth over Rs 608.51 billion has been in circulation in the country.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) is considering enforcing expansionary monetary policy with an improvement in a number of macroeconomic indicators of the country of late.

KATHMANDU, June 19: The Nepal Rastra Bank (NRB) is preparing to issue a digital currency.

KATHMANDU, June 11: Nepal received 64 percent less foreign direct investment (FDI) in the first 10 months of the current fiscal year, compared to the same period last year.

KATHMANDU, June 10: While the foreign exchange reserves were under pressure in the past, the last few months have seen gradual improvement in the volume of the country’s foreign exchange reserves.

KATHMANDU, June 9: An average of one billion remittances per month has started coming from the current financial year. In the first 10 months of the current fiscal year 2022/23, remittances equal to an average of Rs 1.05 trillion have been received.

KATHMANDU, June 6: Nepal Rastra Bank (NRB), in a bid to facilitate big mergers of commercial banks, has announced to provide a number of benefits to the unified entity if they carry out joint transactions by mid-July.

KATHMANDU, May 26: The Nepal Rastra Bank (NRB) is auctioning treasury bills worth Rs 29.1 billion on coming May 28.

KATHMANDU, May 25: Nepal Rastra Bank (NRB) has enforced a rule to provide refinance facilities at subsidized rates to the poorly performing production, construction and wholesale and retail businesses.

KATHMANDU, May 16: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that coordination between the fiscal policy and the monetary policy is necessary.

KATHMANDU, May 10: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) to fix interest rates on their loans on a monthly basis.

KATHMANDU, April 30: The Nepal Rastra Bank (NRB) has increased the ceiling for the exchange of the US dollar.

KATHMANDU, April 24: The government of Nepal is going to mobilize Rs 20 billion of internal debt through treasury bills on Monday. Nepal Rastra Bank (NRB) is going to issue treasury bills worth Rs 28.6 billion on Monday.

KATHMANDU, April 12: The consumer price index marginally declined in the past one month during mid-February and mid-March, mainly due to a slowdown in prices of non-food items and services and few food items.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said banks are free to fix their interest rates based on the market situation. His remark came at a time when the government and the private sector have been pressurizing the central bank to lower the interest rates.

KATHMANDU, April 5: Deposits collected by the banks and financial institutions (BFIs) in the country have crossed the Rs 5.4 trillion mark.

KATHMANDU, April 4: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to run 24-hour helpdesk to take grievances of the card users.

KATHMANDU, March 28: Nepal Rastra Bank (NRB) has implemented a simplified customer identification (KYC) process for transactions up to Rs 100,000 for licensed institutions that perform payment related activities other than banks and financial institutions.

KATHMANDU, March 14: The Kathmandu District Court (KDC) has sent Prithvi Bahadur Shah, who is accused of being involved in suspicious financial transactions amounting to over Rs 400 million, to judicial custody.

KATHMANDU, March 12: Consumer price index increased marginally in the past one month during mid-January and mid-February, mainly due to the rise in prices of non-food items and services.

KATHMANDU, March 12: A significant improvement has been noticed in the country's foreign currency reserves in the first seven months of the current fiscal year.

KATHMANDU, March 11: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has raised a question to the people in general if they want to go back to the period before the country adopted liberal economy.

KATHMANDU, March 5: Prime Minister Pushpa Kamal Dahal has discussed the current issues of the economic and banking and financial sector with the representatives of the private sector and the governor of the Nepal Rastra Bank (NRB).

KATHMANDU, Feb 25: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) not to take penal interest from the borrowers for the next one month from the date that the outstanding loans have been pending.

KATHMANDU, Feb 13: Investors have said that Nepal Rastra Bank's half-yearly review of the monetary policy of the current fiscal year has not met the expectations of the capital market investors.

KATHMANDU, Feb 10: While the government aims to keep inflation within the desired limit of seven percent for the current fiscal year, it has reached 7.26 percent up to the half-yearly review period of the monetary policy.

KATHMANDU, Feb 9: Telecommunication equipment worth about Rs 1.14 billion that were stopped by the customs office at the Tribhuvan International Airport (TIA), were released after the office levied a revenue of about Rs 320 million.

KATHMANDU, Feb 2: Nepal Rastra Bank (NRB) is mulling to remove the existing upper limit of Rs 120 million on margin loans.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has reduced the transaction fee for ATM users who use the card to carry out the interbank service.

KATHMANDU, Jan 30: Small Farmers Development Bank (SFDB) and RMDC Laghubitta Bittiya Sanstha have been granted the go ahead from Nepal Rastra Bank (NRB) for their merger.

KATHMANDU, Jan 22: The decision to remove the mandatory cash margin on imports has been welcomed by industrialists and businessmen. After the pressure on foreign currency reserves, the government had arranged mandatory cash margins for imports since last year. The private sector had been opposing the provision for a cash margin of 50 to 100 percent while opening letters of credit (LCs) for imports.