Kathmandu. Nepal Rastra Bank (NRB) has increased the exchange limit of US dollar on silver imports.
The central bank has increased this facility by amending the unified directive of the exchange trading body. Now such agencies will be able to facilitate the exchange of silver ornaments, artistic goods, utensils, etc. to the limit of US$ 500,000 or other convertible foreign currency per time when they import silver for their own purposes as industrial raw materials for making silver ornaments, artistic goods, utensils, etc.
Earlier, such exchange facility was up to $ 300,000.
Other gold and silver dealers will be able to exchange up to the limit of US$ 100,000 or equivalent to foreign currency per time while importing silver. However, the Rastra Bank has made arrangements to provide exchange facility to the silver traders who dispose of silver ornaments or artistic items etc. according to the prescribed criteria.
