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Monday, October 18, 2021
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    Currency

    To curb the outflow of foreign currency, authorities have tightened the rules

    The government has begun tightening measures to limit the outflow of foreign money in light of declining foreign exchange reserves, shrinking remittances, and rising imports. The Department of Immigration has cut the minimum amount of foreign currency that Nepali citizens...

    The junta in Myanmar is powerless as the country’s currency falls 60% in four weeks and the economy crumbles.

    Myanmar's currency has lost more than 60% of its value since the beginning of September, boosting the cost of food and gasoline in an economy that has been in freefall since a military takeover eight months ago. "This will cause...

    In the face of rising imports, falling remittances and foreign currency reserves are concerning

    In the first month of the current fiscal year 2021-22, the trade deficit increased, foreign exchange reserves plummeted, and remittances dropped substantially, creating concerns that the external sector of the economy—international Nepal's economic transactions—could be jeopardised. The trade deficit increased...

    The average length of stay for foreign tourists in Nepal has risen to 15 days

    Although the number of foreign tourists visiting Nepal has decreased due to the COVID-19 pandemic, the average length of stay has increased. According to the Ministry of Culture, Tourism, and Civil Aviation's recently released "Nepal Tourism Data 2020," tourists' average...

    Cryptocurrency trading and mining declared illegal by Nepal Rastra Bank

    According to the Nepal Rastra Bank, cryptocurrency trade and mining are prohibited in the country and are therefore penalised (NRB). According to the Foreign Exchange (Regulation) Act, 2019, any type of cryptocurrency trading or mining is prohibited in the country....

    Nepali Rupee is pegged with Indian Rupee. Is the fixed exchange rate beneficial?

    The Nepalese rupiah is linked to the Indian rupee. Nepal's neighbour, India, accounts for the majority of the country's trade. As a result, India is our largest trading partner. Furthermore, Nepalese and Indian people have special ties that go...

    Nepal Rastra Bank setting up national payment switch

    In order to promote cashless transactions, the Nepal Rastra Bank (NRB) would establish a countrywide payment switch. In announcing the monetary policy on Friday, the NRB stated that the fiscal year 2022/23 will be designated as the year of promotion...

    Nepal Rastra Bank will investigate the possibility of issuing digital currency

    We have good news for Nepali Crypto Currency Enthusiasts! According to the media reports on Friday, as the usage of electronic currency (cryptocurrency) grows around the world, Nepal's central bank has stated that it will investigate the issues that relate...

    Monetary Policy 2078-79 | Nepal Monetary Policy 2021-22

    NRB announces to promote FY 2021/22 as Electronic Transaction Promotion Year Nepal Rastra Bank has stated that fiscal year 2021/22 will be designated as an electronic transaction promotion year. On Friday, Governor of Nepal Rastra Bank Maha Prasad Adhikari outlined the...

    Is Pi Coin / Pi Network the next huge thing in Crypto World?

    Please note that Cryptocurrency transaction and mining is illegal in Nepal as per the notice issued by Nepal Rastra bank. This article is only for information purposes. Money has evolved and changed shape over time. Today, digital currencies are best...

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    Nepal Stock Exchange Ltd.

    As of 2021-10-18 15:00:00 ...