Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) has amended the Unified Circular 2081 issued by the licensed body for foreign exchange transactions. The central bank has amended the unified circular to provide exchange facility to public bodies for purchase in convertible foreign currency in India as per the prevailing public procurement law.
Similarly, the Rastra Bank has also entered into an agreement with the public body where the public procurement law applies and the commercial bank can provide such exchange facility if it is recommended by the concerned public body if the organization providing the service as per the agreement has to make payment abroad by taking exchange facility from Nepal. TAG_OPEN_div_20 Rastra Bank has said that the limit of the amount mentioned in Circular 11 will not be applicable for such exchange facility. Similarly, the recommendation of the regulatory body is not mandatory for this.
प्रतिक्रिया दिनुहोस्