NRB removes dollar exchange ceiling to ease oxygen cylinder import

1 month ago 39

Kathmandu, May 13

The Nepal Rastra Bank has removed a ceiling it has been imposing connected the speech of overseas currencies successful its bid to easiness the import of oxygen cylinders and different aesculapian essentials required for the state to decision the Covid-19 crisis.

As per the existent rule, a company/individual tin speech up to USD 35,000 erstwhile for import purpose. However, if a transaction is being made for the import of oxygen cylinders, tanks, generators oregon different related products, the ceiling volition not use until mid-July, informs the NRB Deputy Governor Bam Bahadur Mishra.

The cardinal slope says it made the determination arsenic the state is presently facing an acute shortage of oxygen and it is killing dozens of Covid-19 patients each day.

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