Nepal Rastra Bank has reduced the gold import limit as foreign exchange reserves are declining.

The central bank has issued a notification today stating that only 10 kg of gold can be imported daily.

The Department of Foreign Exchange Management of the Bank has issued a circular today to the bodies that have been given permission to conduct foreign exchange business and instructed them to do the same as amended Section (4) of the Rules of Procedure on Gold Sale and Distribution, 2068 BS.