NRB removes limitations on dollar exchange to import oxygen cylinders

Kathmandu: The government has remove the limitations of dollar exhange as it is important for import oxygen-related materilas. Nepal Rastra Bank (NRB) has lifted the limit on the dollar exchange rate saying that the threat of corona epidemic is increasing and there is a lack of oxygen.

At present, the exchange facility for import of goods through draft / TT without a letter of credit is provided only for a maximum of USD 35,000 or equivalent convertible foreign currency at a time.

NRB has informed that the policy will not be mandatory till mid-July to import oxygen cylinders, oxygen tanks, oxygen generators, and other oxygen equipment. This will make it easier to import life-sustaining materials, including oxygen, as soon as possible, NRB stated.

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