Nepal Rastra Bank has raised the daily limit for gold imports from 20 kg to 25 kg and increased the daily foreign remittance payment ceiling to NPR 25 lakh.
Gold Import and Remittance Limit Increase
Nepal Rastra Bank (NRB) has raised the daily limit for gold imports and foreign remittance payments. On Friday, the central bank implemented the new rules by amending its integrated circular. Under the revised system, the daily gold import limit has been increased from 20 kilograms to 25 kilograms.
Similarly, the daily ceiling for foreign remittance payments that do not require repayment has also been raised. Nepali or foreign citizens, as well as firms, companies, institutions, or branch offices registered in Nepal, can now receive and make payments up to NPR 25 lakh per day (either in a single transaction or multiple transactions) for purposes such as sales, commissions, fees, and remuneration. Previously, this limit was set at NPR 20 lakh.
NRB has emphasized that customer identification documents must be collected while receiving and disbursing funds, as per existing regulations. In addition, details of remittances received in Nepal must be submitted monthly within seven days after the end of each month to the relevant department, Supervision Department, and Economic Investigation Department, in accordance with Schedule 24.4.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
