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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
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<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
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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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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
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<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
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'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p>
<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
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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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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.
As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.
The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.
The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.
The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned.
Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.
“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.
The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland.
The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.
According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB.
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<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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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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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
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<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
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<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
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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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'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p>
<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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'summary' => 'February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.',
'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p>
<p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p>
<p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p>
<p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p>
<p style="text-align: justify;"> </p>
<p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p>
<p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p>
<p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p>
<p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p>
<p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p>
<p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p>
<p style="text-align: justify;"> </p>
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