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.
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.
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.
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, 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, 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.
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.
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.
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.