The government reduced the limit of cash transactions, transactions above 5 lakhs should be done through banking
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.
Express
Related News
11 km Nagadhunga-Malekhu section under Prithvi Highway is blacked out
Chitwan. Under Prithvi Highway, 11 km Nagdhunga Malekhu section has been blacked out. Last year eight kilometers were blacked, this year three more kilometers were blacked. According to Vijay Darai, Engineer of Nagadhunga Muglin Road Project, unde...
NEPSE rose by 28.73 points, turnover 6.47 billion
Kathmandu - On the second trading day of the week, NEPSE index increased by 28.73 points to reach 2639.37 points. 6.47 billion rupees were traded when 12.4 million shares of 335 companies were bought and sold. While the share price of 214 companie...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 147 rupees 58 paisa and the selling rate is 148 rupees 18 paisa. Similarly,...
Public debt reached 58 trillion
Kathmandu. The share of public debt in GDP has reached 47.13 percent. As the government took 28 trillion 78 billion rupees in public debt till the end of February of the current financial year, its ratio to GDP has increased. According to the Publ...
Here are the foreign currency exchange rates for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar is 151 rupees 62 paisa and the selling rate is 152 rupees 22 paisa. Similarly, the buying...
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...



