Manipulation of currency manipulation

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

NEW YORK, June 29: Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra?

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.

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.

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.

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.

KATHMANDU, Feb 28: Police have arrested six people belonging to a gang involved in the transaction of counterfeit Nepali currency notes.

Fake currency note found with DAO

February 3, 2018 13:25 pm

NUWAKOT, Feb 3 : A counterfeit note of Rs. 500 denomination was found in the District Administration Office, Nuwakot.

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.

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.

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.

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'.

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.

KATHMANDU, March 18: Police have taken Pemba Lama into custody for carrying illegal US dollar with her from the Tribhuvan International Airport (TIA).

KOHALPUR, March 17: The Nepal Police, Bheri Zonal Office on Thursday has arrested four persons for possessing illegal Indian and Nepali currency notes.

Man held with foreign currency at TIA

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.

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.

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.

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.

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:

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.

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.

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.

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.

JAJARKOT, Oct 14: Police here has apprehended two persons who were found involved in printing fake currency notes.

KATHMANDU, Aug 13: A Romanian national has been arrested with foreign currency from the Tribhuvan International Airport on Saturday.

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.