Nepal Rastra Bank (NRB) has amended its foreign exchange regulations, raising limits on foreign payments across different sectors. The revised arrangements set higher ceilings for payments connected with imports and other transactions, according to reports.
The central bank said the changes are intended to make it easier to pay for imports of various goods and services, foreign services and banking transactions. The reports did not provide details of the revised ceilings in the information available for this article.
What the revised rules aim to facilitate
The higher foreign payment limits are intended to support:
- Imports of various goods and services
- Payments for services from abroad
- Banking transactions
The revised arrangements cover different sectors, with payment ceilings increased under the amended foreign exchange regulations.
