The Nepal government has urged Nepalese residing in foreign countries to open dollar accounts in banks in the country and make investments amidst the economic crisis in the Himalayan nation.
If 100,000 NRNs open bank accounts in Nepal, there will be no liquidity crisis: FinMin
Finance Minister Janardan Sharma has urged Nepalis around the world to open dollar accounts in Nepali banks and invest in them.
Bangladesh, Nepal celebrate new years after pandemic pause
After a two-year break, thousands of people in Bangladesh and Nepal have celebrated their respective new years with colorful processions and musical soirees as the coronavirus pandemic eased and life …
Alarm bells over Nepal’s dwindling forex reserves
What has led to loss of remittances? What are the external factors pushing Nepal towards double digit inflation?
How the rising cost of living crisis is impacting Nepal
As the sole earner for her family Pampha Khartri is looking for extra work to cover her outgoings “We are struggling to manage our expenses, as [the] cost of essentials is going up,” says Pampha …
How the rising cost of living crisis is impacting Nepal
As the sole earner for her family Pampha Khartri is looking for extra work to cover her outgoings “We are struggling to manage our expenses, as [the] cost of essentials is going up,” says Pampha …
Cambodia, Nepal look to deepen economic ties
Cambodia and Nepal are committed to further strengthening and expanding bilateral ties and cooperation in the fields of economics, commerce, agriculture, energy and investment to further boost bilater …
Bangladesh says its around 8480 kilometres of waterways could be utilised for transportation
Around 8480 kilometres of the navigable waterway of Bangladesh could be utilised for transportation and distribution of goods between Bangladesh, India, Nepal and Bhutan-Khalid Mahmud Chowdhury, State …
Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepalese economy seems to be heading south, the Sri Lankan way, as the Himalayan kingdom is facing a crisis that has sent the prices soaring and the foreign exchange reserves diving nose down. And …
Action against governor may put Nepal in IMF’s bad books
One of the IMF’s conditions for approving $396 million credit facility is that central bank and its personnel’s autonomy should be strengthened further.