NRB disallows local level’s reserve fund for trade and investment on import

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Nepal Rastra Bank, the central bank of Nepal, has tightened its screw on the deposit of reserve funds of the local level.

Issuing a directive on Monday, NRB’s Department of Banking placed an arrangement disallowing commercial banks to invest from the reserve funds of the local level for import and commercial purposes.

According to the circular issued by Department’s Executive Direct


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