After the Russia-Ukraine war, the insurgency to seek alternatives to the dollar is boiling. Since World War II, the US dollar has reigned supreme in the financial sector. A financial war is slowly being staged on the world stage to challenge the dominance and future of the dollar. Washington imposed economic sanctions on Moscow after … Read more
Nepal has been going through an adverse impact on the economy for some time now. Currently, one of the biggest problems in Nepal is the high cost. With the rise in the value of the dollar, Nepal has been hit by inflation as Nepal imports far more than it exports. This problem is visible because … Read more
23 October, Kathmandu. The exchange rate (value) of the US dollar has again set a new record. According to Nepal Rastra Bank, on Thursday, 23 October, the exchange rate (selling rate) of 1 US dollar reached Rs 132 at 2 paise. Similarly, the purchase rate of dollar in Nepalese rupee is 131 rupees 42 paise. … Read more
9 October, Kathmandu. The value of the US dollar has set a new high. According to the Nepal Rastra Bank, on Friday, the value of the dollar increased again from the value of about two months ago to 129 rupees 89 paise equal to 1 dollar on Sunday. The purchase price fixed by Rashtra Bank … Read more
Over the past year, the US dollar has risen at a rate never seen against major global currencies in the past 20 years. This is an increase of 15 percent against the British pound, 16 percent against the euro and 23 percent against the Japanese yen. The dollar is the world’s reserve currency, which means … Read more
31 June, Kathmandu. The Nepalese currency has reached a weak point in history against the dollar. The Nepalese rupee has reached the weakest point in its history due to the strengthening of the US dollar. On Tuesday, Nepal Rastra Bank fixed the selling price at Rs 125.16 per dollar. Earlier, the selling rate from Saturday … Read more
March 29, Kathmandu. The Non-Resident Nepalese Association (NRNA) will interact with NRIs with the participation of government officials to improve the depleting foreign exchange reserves. An emergency meeting of the International Coordination Council, chaired by its working president Kul Acharya and chaired by Badri KC and Rabina Thapa, on Monday decided to work hand in … Read more
December 14, Kathmandu. Nepal Rastra Bank (NRB) has tightened the dollar exchange rate following a fall in forex reserves. The NRB has said that the exchange facility for Nepalese going abroad up to Rs 2,000 has been reduced to 5,500 per person. In September last year, the central bank raised the dollar exchange rate to … Read more