Nepal: Ban on import of peas, black pepper and betel nut lifted

Published 2021년 10월 30일

Tridge summary

The Nepal Rastra Bank (NRB) has lifted restrictions on the import of certain goods including peas, black pepper, betel nut, and vehicles worth over USD 50,000. The central bank will now provide foreign exchange services for these imports. The total import of peas for the current fiscal year will be capped at 80,000 metric tons, betel nuts at 25,000 metric tons, and dates at 50,000 metric tons. The Foreign Exchange Management Department of NRB has amended the Unified Circular 2020 to reflect these changes, effective immediately.

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Original content

KATHMANDU, Oct 30: Nepal Rastra Bank (NRB) has lifted the ban on the import of peas, black pepper and betel nut, according to a statement issued by the bank on Friday. According to the bank, the ban on the import of vehicles worth more than USD 50,000,too, has been lifted and the central bank will provide foreign exchange services accordingly. The Foreign Exchange Management Department of NRB has amended the Unified Circular 2020, stating that the ban has been lifted with immediate effect. Executive director of NRB, Ramu Poudel said that the total ban imposed on the import of peas by the central bank has been lifted so that the total amount for its import in the current fiscal year will not exceed 80,000 metric tons. Similarly, the ban on the import of betel nuts has been lifted and 25,000 metric tons can be imported for the current fiscal year. Likewise, it is now ...

Source: Nagariknetwork