Money

Foreign currency expenses to be tightened to check balance of payments deficit

The government is preparing to tighten the payment system and foreign currency expenses amid growing pressure on the country’s foreign exchange reserves. A government panel formed last month to study the country’s deteriorating balance of payments situation said that service trade and imports were the key reasons behind the depletion of Nepal’s foreign currency reserves. Foreign currency expenses to be tightened to check balance of payments deficit
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Published at : January 28, 2019
Updated at : January 28, 2019 08:42
Kathmandu

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