Now 20 kg of gold can be imported daily

KATHMANDU: FRIDAY, APRIL 2, 2021 – Nepal Rastra Bank has agreed to import up to 20 kg of gold daily. The central bank made the provision by amending the Unified Circular-2076 on Thursday.

Commercial banks in particular are importing gold. The volume of gold import has been increased by amending the integrated circular issued to banks and financial institutions and other bodies licensed to conduct foreign exchange transactions.

The Federation of Nepalese Gold and Silver Entrepreneurs has been demanding the government, NRB and the Ministry of Industry, Commerce and Supplies to increase the quota of gold imports. According to the same demand, the working procedure related to gold import and sale has been amended.

According to Ramu Poudel, Executive Director of NRB, the daily quantity of gold that can be imported has been fixed at 20 kg. -RSS