The Nepal Bankers' Association, an organization of chief executive officers of commercial banks, has decided to suspend the opening of letter of credit (LC) for a week.
Nepal Bankers' Association, the umbrella organization of the commercial banks, has said that cryptocurrency, virtual currency and the network marketing business and transactions are illegal.
Finance Minister Janardan Sharma on Friday held a discussion with chief executive officers of 27 Group 'A' commercial banks on the problems facing the banks including a liquidity crunch and financial institutions and the solution needed.
The Finance Ministry today held discussions with representatives of the private sector to implement the private sector related programmes that were announced in the budget for next fiscal year 2078/79
FeNeGoSiDA has stated that import of gold could be affected due to the prohibitory order imposed in Kathmandu valley and other major cities of the country.