Nepal Rastra Bank (NRB) has toughened the import of gold- now the daily import is limited to 10 kg a day.
Issuing a circular on Sunday, NRB stated that it lessened the quota on the import of gold by half. Earlier, gold as much as 20kg could be imported. For this, NRB amended the work procedure on gold import, sales and distribution, 2068.
Lately, the gold price has increased in Nepal. Earlier, the NRB had toughened the provision on the import of silver.
Moreo0ver, NRB tightened the provision on import of 47 other items in the wake of decreasing foreign currency reserve.
The goods minimized in the import are clove, sugary items, drinks and tobaccos, perfume, cosmetic goods, shoes and sandal, shampoo, wigs, artificial bouquets, chips marble, ceramic goods, furniture, milk powder, eggs, dry vegetables, betel nuts, cashew nuts, black peppers, sausage, cocoa powder chocolate, dog foods, tomato ketchup etc.
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