Articles

To make the system of receiving foreign currency through electronic means more effective

By Rabins Sharma Lamichhane

July 23, 2023

Nepal Rastra Bank is going to make the system of receiving foreign currency through electronic means more effective.

In the monetary policy of the current financial year, which was announced on Sunday, the National Bank has said that the system of importing foreign currency through electronic means will be made more effective if services such as information technology are exported.

In addition, it has been mentioned in the monetary policy that revenue collection will be facilitated using electronic payment devices in the main offices where public services are provided.

It has also been said that the smooth operation of the transactions carried out by the organizations involved in electronic payment will be coordinated with the PFMI, and arrangements will be made for the payment to be made through the system of this bank.

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