NIC Asia imports $1 million for Nepali market
With the permission from Nepal Rastra Bank, NIC Asia Bank has imported USD 1 million in the Nepali market. The bank imported the dollars because the Nepali market is currently not being able to meet the demand of US dollar. Previously, NRB was the only bank which used to import USD. However, seven months ago, it had given permission to commercial banks to import dollars. “NIC Asia has imported dollars for the first time,” said Laxman Risal, CEO of NIC Asia Bank. The supply of USD was minimum and this was creating problem for many customers. Therefore, NRB had given permission to all A-grade banks to import dollars. According to Roshan Kumar Neupane, chief information officer of NIC Asia Bank, the imported USD will be available at all of its 32 branch offices in the valley and also in places outside the valley including Biratnagar, Birgunj, Dharan, Pokhara, Nepalgunj, Narayangadh and Butwal. NIC Asia Bank has been providing the foreign exchange facility to its customers through visa international debit card. The current rules of NRB allow Nepali citizens who are going abroad to exchange up to USD 2500.