NRB Increases Daily Gold Import Limit to 25 Kilograms

Kathmandu, October 10 — The Nepal Rastra Bank (NRB) has increased the daily gold import limit from 20 kilograms to 25 kilograms.

The central bank announced this change through an amendment to the Integrated Circular 2081, which regulates institutions engaged in foreign exchange transactions. The revised provision was issued on Friday.

According to Revati Prasad Nepal, Executive Director of NRB’s Foreign Exchange Management Department, a circular regarding the decision has been distributed to the Banking Department, all provincial offices, licensed banks and financial institutions, and other authorized foreign exchange entities.

NRB stated that this decision will help ease the domestic supply of gold while ensuring better regulation and control over foreign currency utilization in the gold trade sector.