April 2, 2021 | Investopaper
Nepal Rastra Bank has allowed to import up to 20 kg of gold daily. The central bank has made the provision by amending the Unified Circular-2076.
The Federation of Nepal Gold and Silver Dealers’ Association 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.
The daily quantity of gold that can be imported has been fixed at 20 kg. Commercial banks in particular are importing gold.