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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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April 11: The Nepal Bankers' Association (NBA), an umbrella body of chief executive officers of commercial banks, has decided not to issue letters of credit for the import of luxurious goods except in case of extremely needed ones. The association's meeting on Sunday took a decision to this effect. The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.
According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. -- RSS
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to chief executive officer of the Nepal Bank Limited, Krishna Bahadur Adhikari, who is also a member of NBA's executive committee, the commercial banks took such decision following a directive from the Nepal Rastra Bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The banks have agreed not to open LCs to import luxurious goods like vehicles, gold, silver as well as sugar, chewing gum, dry foods, furniture, cigarettes, alcohol, perfume and mobile phones among others.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, the central bank in a bid to stop the outflow of the country's depleting foreign exchange reserves had imposed 50 to 100 percent cash margin on the imports of 47 different goods. Likewise, the central bank had recently summoned the CEOs of all 27 commercial banks and unofficially directed them to halt LC to import luxurious goods including vehicles. </span><span style="font-family:"Arial Unicode MS","sans-serif""> -- RSS </span><br />
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
