NRNA to help ease the declining foreign exchange reserves in the country

  • नेपाल राष्ट्रिय दैनिक
  • April 12, 2022

The Non-Resident Nepali Association (NRNA) intends to interact with non-resident Nepalis to help ease the declining foreign exchange reserves in the country. Government officials will also participate in the interaction.

A meeting of the International Coordinating Council of the Non-Resident Nepali Association (NRNA) has decided to join hands with the government to resolve the possible economic crisis in the country, said NRNA spokesperson Shiva Baruwal. In a meeting chaired by NRNA Executive Chairman Kul Acharya,
The meeting on Wednesday decided to hold a detailed interaction with the participation of the Finance Minister, Finance Secretary, Nepal Rastra Bank officials, economists and others to address the declining foreign reserves.

The NRNA spokesperson informed that the meeting decided to request all non-resident Nepalese to open an account in any bank of Nepal in US dollars and deposit at least 1000 US dollars in that account.

The meeting has decided to form a task force led by NRNA Vice President Bhushan Ghimire to study the problems that may arise when opening a dollar account, sending dollars, saving money in that account and withdrawing money from the account when needed.

The meeting also decided to facilitate all non-resident Nepalis to open dollar accounts.

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