Includes how foreign exchange is managed and implications for U.S. business.
Last Published: 8/2/2019
The Nepali rupee is convertible for all current account transactions; however investors have complained that the approval process for converting Nepali rupees is cumbersome.  Earners of foreign exchange are permitted to retain 100 percent of their earnings and to open a foreign exchange account in Nepal to hold them.  However, approval from the NRB is required for payments to any person living outside of Nepal.  NRB approval is also required to draw, accept, or negotiate any bills of exchange, promissory notes or loans, if the payee is living outside Nepal.

Provisions exist for foreign investors who have received permission to invest in convertible currency to repatriate the proceeds from the sale of that investment, the profits or dividends from that investment, and the principal and interest paid on any foreign loans.
 
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Nepal Market Access Foreign Exchange