July 14, 2022 06:45 am
Bitcoin is indeed getting more than required attention as a currency or as a ticket to getting rich quickly, but at its core, it is a disruptive idea that has catalyzed a renaissance of thinking, creativity, science, art, exploration, and philosophy to name a few. More importantly, Bitcoin is an open-source, open standard, open network, and above all, an answer to the tragedy of the commons.
August 27, 2020 12:46 pm
ITHACA – A few years ago, China’s currency seemed to be rising inexorably to global dominance. The renminbi had become the fifth most important currency for international payments, and in 2016, the International Monetary Fund included it in the basket of major currencies that determines the value of Special Drawing Rights (the IMF’s global reserve asset).
March 9, 2020 07:47 am
KATHMANDU, March 9: The announcement by the government to check inflation rate at six percent is likely to prove hollow as the Nepali currency has been on a free fall against the US dollar for the past few days.
August 12, 2019 00:30 am
The US has accused China of keeping renminbi artificially low, to secure an unfair advantage in international trade. But it had not applied “currency manipulator” label since 1994
June 29, 2019 11:40 am
NEW YORK, June 29: Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra?
May 25, 2019 07:43 am
KATHMANDU, May 25: In a major crackdown on the smuggling of fake Indian currency, police arrested former media entrepreneur Yunus Ansari and three Pakistani nationals and seized fake Indian rupees (IRs) totaling 76,794,000, from Tribhuvan International Airport (TIA) in Kathmandu Friday morning.
May 14, 2019 08:40 am
KATHMANDU, May 14: Police have arrested five persons for possessing banned Indian currency notes of Rs 500 and Rs 1000 denomination amounting to IRs 1,590,500.
June 24, 2018 19:47 pm
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told. Holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.
May 9, 2018 08:40 am
KATHMANDU, May 9: Though Nepal Rastra Bank (NRB) has paved the way for commercial banks for foreign currency borrowing, it seems that they will not be able to get resources from foreign banks anytime soon.
February 28, 2018 07:40 am
KATHMANDU, Feb 28: Police have arrested six people belonging to a gang involved in the transaction of counterfeit Nepali currency notes.
February 3, 2018 13:25 pm
NUWAKOT, Feb 3 : A counterfeit note of Rs. 500 denomination was found in the District Administration Office, Nuwakot.
January 12, 2018 18:11 pm
KANCHANPUR, Jan 12: A team of Far-Western Regional Investigation Bureau of Police on Thursday arrested two Indian nationals while they were producing fake Nepali currency at the no-man's land at Belauri Municipality-6.
December 22, 2017 05:45 am
KATHMANDU, Dec 22: Anecdote 1- Nepal Airlines Corporation (NAC) fired Captain Ramesh Upadhyaya after he was found carrying a few wrist watches while landing at Tribhuvan International Airport four decades ago. He was accused of smuggling the watches.
July 12, 2017 09:15 am
KATHMANDU, July 11: Tourism entrepreneurs have welcomed the new monetary policy introduced by Nepal Rastra Bank (NRB) on Monday that allows hotels to exchange foreign currencies with their guests.
April 26, 2017 00:10 am
KATHMANDU, April 26: Hoteliers have sought flexibility in allowing exchange of foreign currencies to foreign tourists. They have also said that the recent tightening of foreign currency exchange policy has 'invited serious problems toward providing service to foreign guests'.
April 15, 2017 09:33 am
WASHINGTON (AP) — The Trump administration declined Friday to label China a currency manipulator despite President Donald Trump's insistent pledge during the election campaign that he would do so as soon as he took office.
March 18, 2017 13:05 pm
KATHMANDU, March 18: Police have taken Pemba Lama into custody for carrying illegal US dollar with her from the Tribhuvan International Airport (TIA).
March 17, 2017 07:20 am
KOHALPUR, March 17: The Nepal Police, Bheri Zonal Office on Thursday has arrested four persons for possessing illegal Indian and Nepali currency notes.
February 15, 2017 17:37 pm
KATHMANDU, Feb 15: Police has arrested a youth from the Tribhuvan International Airport for possessing 13 thousand 180 Euros.
December 5, 2016 12:52 pm
Washington: The US President-elect has attacked China after he was criticized by Beijing over his recent telephone conversation with Taiwan's President Tsai Ing-wen, reports said on Monday.
November 25, 2016 16:07 pm
KATHMANDU, Nepal, Nov 25: Nepal's banks are refusing to accept new Indian 500 and 2,000 rupee notes because the Indian central bank has not officially informed the neighboring Himalayan nation of their issue, officials said Friday.
November 17, 2016 16:03 pm
KATHMANDU, Nov 17: The meeting of the Finance Committee under the Legislature-Parliament today has directed the government to ease the exchange of Indian currency notes of 500 and 1,000.
November 16, 2016 00:40 am
While the government has upped diplomatic initiative with the Indian government to provide exchange service for Nepalis holding demonetized Indian currency, there has not been any progress in this direction so far. Sagar Ghimire of Republica talked to Minister for Finance Krishna Bahadur Mahara on Tuesday to know what the government is doing to resolve the issue. Excerpts:
November 14, 2016 18:56 pm
KATHMANDU, Nov 14: A delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Monday met with Prime Minister Pushpa Kamal Dahal and urged the latter to take needful initiative for resolving the problem of exchange of demonetized Indian banknotes.
November 14, 2016 00:00 am
KATHMANDU, Nov 14: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to take needful arrangement for managing demonetized 1,000 and 500 Indian rupee bills in circulation in Nepal.
November 10, 2016 13:43 pm
Superstar Shah Rukh Khan has lauded Prime Minister Narendra Modi's decision to abolish Rs 500 and Rs 1000 currency in war against black money.
November 9, 2016 14:45 pm
KATHMANDU, Nov 9: Nepal Rastra Bank (NRB) today issued directive to the concerned banks, financial institutions and money transfer companies not to use Indian Currency (IC) Rs 500 and Rs 1000 notes effective immediately.
October 14, 2016 10:10 am
JAJARKOT, Oct 14: Police here has apprehended two persons who were found involved in printing fake currency notes.
August 13, 2016 22:09 pm
KATHMANDU, Aug 13: A Romanian national has been arrested with foreign currency from the Tribhuvan International Airport on Saturday.
July 22, 2016 13:59 pm
BEIJING, July 22: Donald Trump accused China of stealing copyrights and unfairly manipulating its currency as he accepted the Republican Party's presidential nomination, charges likely to fuel anger in a country already upset at criticisms of Beijing in the party's new policy platform.