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21

Nepal Launches Gold Business

Any firm registered is approved to carry out gold related business can import unlimited amount

The central bank of Nepal, the Nepal Rastra Bank, has issued a circular to all banks to open gold import business under Open General License as per the decision made in the Finance Ordinance.

Under the new provision, any firm or company registered with the government and approved to carry out gold related business can import unlimited amount of gold by opening letter of credit or draft.