The Kathmandu Post on MSN
Nepal, India explore interbank channel for large Indian currency transfers
Kathmandu, Feb. 3 -- The central banks of Nepal and India are exploring the possibility of using the interbank market-one of the most important segments of the foreign exchange system-to allow the ...
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Nepal to allow Indian currency notes above Rs 100
Nepal is set to allow the circulation of Indian currency notes above Rs 100, ending almost a decade of restrictions that hit travellers, migrant workers, and tourism businesses. Formal approval from ...
SINGAPORE, May 24 (Reuters) - Nepal is considering devaluing its currency because a decades-old peg with the Indian rupee is posing problems for its monetary policy and competitiveness, the central ...
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