NRB sets $2m monthly quota for industries on silver imports

KATHMANDU: Nepal Rastra Bank (NRB) has revised the foreign‑currency exchange facility for silver imports. The central bank has increased the monthly allocation to $2 million for industries and $400,000 for other traders.

The change was made through an amendment to Unified Circular 2081, the NRB stated.

Previously, industries were receiving exchange facilities worth $500,000 at a time, while other traders were receiving $100,000 for silver imports.

Under the new arrangement, the central bank has set a monthly quota for silver import exchange facilities.

(With inputs from RSS)