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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">BFIs will not be allowed to provide loan for the cash margin while the amount deposited by the importers will not be entitled to interest, according to the NRB directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">BFIs will not be allowed to provide loan for the cash margin while the amount deposited by the importers will not be entitled to interest, according to the NRB directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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View::_render() - CORE/Cake/View/View.php, line 933
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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><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">BFIs will not be allowed to provide loan for the cash margin while the amount deposited by the importers will not be entitled to interest, according to the NRB directive.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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February 10: Nepal Rastra Bank (NRB) has tightened the screws on imports due to the increase in Balance of Payments (BoP) and decline in foreign exchange reserves. Issuing a circular to banks and financial institutions (BFIs) on Wednesday, the central bank increased the number of items for which the importers are required to keep a 100 percent margin for opening letter of credit (LC).
The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.
The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.
Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.
BFIs will not be allowed to provide loan for the cash margin while the amount deposited by the importers will not be entitled to interest, according to the NRB directive.
The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
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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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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 60]
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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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
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[main] - APP/webroot/index.php, line 117
file not found!
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had adopted a policy to discourage the import of luxury goods following the half-yearly review of monetary policy.</span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
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include - APP/View/Articles/view.ctp, line 391
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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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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had introduced the provision of 100 percent cash margin for opening LC in the third week of December. Back then, the items that required 100 percent cash margin included beer, wine, and other liquors as well as tobacco products, silver, gold, furniture, sugar, sweet meats, mineral water, energy drinks, nail polish, body lotion, face cream and other cosmetics, caps, shoes, leather, construction materials, marble tiles among others.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The newly added list includes products such as walnut, almond, banana, cigarette, cake, handbag, watches, seat of vehicles, painting and drawing materials that also require 100 percent cash margin for opening LC.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, goods such as motorcycles and scooters, woolen thread, readymade garments, jackets among others require 50 percent cash margin.</span></span></p>
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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
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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
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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
