Nepal Rastra Bank is preparing to open international payments of up to $500.

Nepal Rastra Bank
Nepal Rastra Bank

Speaking at the PhonePay Digital Economy Conclave released on Saturday, NRB Governor Maha Prasad Adhikari said so.

Only a few months ago, the NRB had made an arrangement to receive the income directly from its social media accounts including YouTube, Facebook and other channels.

NRB allows Nepali travelers to spend up to $1,500 on the basis of passport.

The official said that discussions are underway to open an account up to $500. “Any goods, services or subscriptions can be purchased for up to $ 500,” he said.

He added, “We now have a foreign exchange reserve that can import goods for more than 14 months. Opening up international payments will not reduce our reserves. ‘

“Business is growing, activity is growing, convenience is growing. That doesn’t affect our position, “the official said.” We’re working with the belief that we shouldn’t stop what has happened around the world. That’s the decent thing to do, and it should end there. “

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