Stories Tagged ' foreign currency loans'
After the hedging regulation was implemented last February, Nepal Rastra Bank had planned to launch hedging solutions. Four months have already passed since the regulation was enforced.
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Nepal Rastra Bank (NRB), on Friday, announced a new provision wherein tourism businesses, export-oriented industries and hospitals are permitted to take loans in convertible foreign currencies from domestic banks and financial institutions. With this new provision in place, these sectors can also use borrowed foreign currency to import goods.
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