Currency
Nepal’s Macroeconomic Snapshot: Resilient Remittances, Forex Stability, and Balanced Trade Dynamics in the First Seven Months of 2023/24
The Nepal Rastra Bank (NRB), the central bank of Nepal, has presented an overview of the country’s macroeconomic and financial situation based on data from the first seven months, ending mid-February of 2023/24. Overall According to NRB, the inflation rate was estimated at 5.01% on a year-on-year basis. The gross foreign exchange reserves reached USD […]
Read More
Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24
The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports […]
Read More
US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans
The US dollar has recently attained its highest value against the Nepali rupee, reaching a new record of Rs. 133.68 last Wednesday and continuing to rise. The latest statistics from Nepal Rastra Bank on this Sunday indicate a slight increase, with the current rate standing at Rs. 133.70, marking a 2-paisa uptick from the previous […]
Read More
“New Rs 20 Currency Notes with Distinctive Features Introduced by Nepal Rastra Bank”
Introducing the all-new Rs 20 currency notes from Nepal Rastra Bank’s Currency Management Department! While maintaining their familiar size and color, these notes come packed with enhanced security features and distinctive elements to ensure the utmost reliability. Exchange your older notes, bearing series numbers from THA 87 000001 to TA 18 999999, and receive the […]
Read More
Where can i do currency exchange in Nepal?
I have about 70 baht and 2 MYR left from my trip to Thailand and Malaysia. I’m currently in Nepal and I’m wondering where I can exchange this currency. Additionally, I also have some Singaporean coins. View on r/NepalStock by OrdinaryNepaliguy
Read More
Total Deposits Went Up Rs. 14 Billion in End Week of Magh, Lending Risen by Rs. 3 Billion
The Nepal Bankers’ Association (NBA) has published a comprehensive study on deposit and lending trends in Nepal’s commercial banks. This information is current as of the end of Magh in 2079. Until Falgun 01, the CD ratio was 86.24. The total amount of deposits increased by Rs. 14 billion (Arba) in the fourth week of […]
Read More
Is bitcoin banned in Nepal?
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal: The […]
Read More
Is cryptocurrency legal in Nepal?
So far, cryptocurrencies are illegal in a few countries, whereas the rest of the world either sees it as fitting to utilise these ‘monies’, or keeps them in a grey area of financial law. Similarly, though most countries in the world do not criminalise cryptocurrencies, they have yet to define their usage as monies or […]
Read More
Cryptocurrency prices are rising, with Ripple rising by 18%.
Since Tuesday morning, the cryptocurrency market, which had been dropping for more than two weeks, has started rising. As a result, the values of the market’s leading cryptocurrencies have surged dramatically in the last 24 hours. According to Crypto.com, the price of Bitcoin has gained 8.24 percent in the previous 24 hours to USD 37,304, […]
Read More
Best Way to Get Your Freelancing Income in Nepal
We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us. Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So […]
Read More