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Gold imports


The Nepal Rastra Bank has introduced a new provision permitting commercial banks and private finance companies to import unlimited amounts of gold. Implemented under the Finance Ordinance, the move's main aim is to discourage illegal imports of gold, said a bank official. It will also end existing constraints on gold imports, previously set at 10 kg for each traveller returning from abroad, and promote export of Nepali gold ornaments.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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