June 13, 2022 13:35 pm
KATHMANDU, June 13: Finance Minister Janardan Sharma has said that remittances from Nepali people who have gone for foreign employment have helped in improving the rural economy. Speaking on the occasion of the 22nd anniversary of IME Limited, a remittance company under the IME Group, Finance Minister Sharma said that the role of remittance companies in earning foreign exchange was significant.
December 22, 2020 10:00 am
Food and beverage inflation stands at 5.73 percent
November 24, 2019 08:36 am
KATHMANDU, Nov 24: The recent controls imposed by the Nepal Rastra Bank (NRB) on the foreign exchange limit for outbound Nepali citizens has caused a sharp decline in the spending they make in overseas travel and tour. According to the recent data released by the NRB, the spending that outbound Nepalis make in international travel fell by 28.1% in the first three months of the current Fiscal Year 2019/20.
November 11, 2019 07:47 am
KATHMANDU, Nov 11: With the Nepal Rastra Bank (NRB) halting foreign exchange facility to various businesses since the past few months, many firms, especially those with foreign investments, are facing difficulty in making payments to their suppliers for the purchase, repair or renewal of their software programs bought from international companies.
January 19, 2019 05:10 am
KATHMANDU, Jan 19: The rising import bill of the country has had its impact on the foreign exchange (forex) reserves, which dipped $79 million in first five months of the current fiscal year.
November 7, 2018 06:30 am
KATHMANDU, Nov 7: Nepal Rastra Bank (NRB) has reduced the maximum amount of foreign currency that a Nepali national can buy while going abroad.