The government reduced the limit of cash transactions, transactions above 5 lakhs should be done through banking
-
Media Baaji
- Tue, 2 December 2025
Kathmandu. The government has reduced the limit of cash transactions. The cabinet meeting held on Monday has set a limit that the purchase and sale of services, goods or other transactions of 5 lakhs or more at a time must be done through financial institutions or banking.
Earlier, there was a provision that transactions of more than 1 million rupees should be done through the banking system. The government of Nepal has decided to implement new provisions with the aim of discouraging cash transactions, concluding that wealth is being cleansed through cash transactions.
Related News
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. The fixed exchange rate is fixed at the buying rate of one US dollar at 148 rupees 52 paisa and the selling rate at 149 rupees 12 paise. Similarly, the bu...
Economic growth is well below target, inflation is improving
Kathmandu. The government has released a new forecast that the economic growth rate of the country will be limited to 3.5 percent, which is much lower than the target. While reviewing the current financial year's budget half-yearly, the government...
Yoyo Plywood Industry of Kohalpur closed, more than 600 workers unemployed
left Yoyo Plywood Industries Pvt Ltd located in Kohalpur Municipality-14 of Banke has been closed for the last three months and more than 600 workers working there have become jobless. The workers' jobs were taken away...
Paddy planting is slow due to low rainfall, only 11.33 percent of planting has been completed across the country
Kathmandu. Due to the lack of rain as expected, the pace of rice planting across the country has been slow this year. According to the latest data of the Department of Agriculture, only 11.33 percent of paddy planting has been completed across the...
The price of the US dollar at the highest point so far! Now how much Nepali rupee is one dollar?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has reached its highest point so far. Similarly, the prices of for...
Share price increase of five companies, how much has increased?
Kathmandu. On the first day of the week, i.e. Sunday, the stock market fell by double digits. Today, the NEPSE index decreased by 26.51 points to 2649.52 points. Share prices of 45 companies from different sectors have...