Kathmandu. Nepal Rastra Bank (NRB) has made bank account mandatory for exchange of foreign currency. Nepal Rastra Bank (NRB) on Thursday issued a unified directive for banks and financial institutions.

Nepal Rastra Bank (NRB) has made a provision to allow Nepali citizens visiting countries other than India to exchange up to US$ 3,000 or equivalent foreign currency per time for passport. Earlier, this facility was US$ 2,500.

The exchange facility for passport and exchange facility for official visits can be provided by depositing it in the account of convertible foreign currency (including opening a new account). There was no such arrangement before.