NRB Clarifies Foreign Currency Rules: Up to US$5,000 Can Be Brought into Nepal Without Customs Declaration

Banking News – The Foreign Exchange Management Department of Nepal Rastra Bank (NRB) has clarified the rules governing the import and export of cash foreign currency, reinstating the existing provisions under the Foreign Exchange (Regulation) Act, 1962 (2019 BS) and the Asset (Money) Laundering Prevention Act, 2008 (2064 BS). According to the NRB notice, Nepali…