26 November, Kathmandu. The Federation of Nepal Gold and Silver Traders has requested the government to make arrangements for the distribution of gold on the basis of regional composition. The delegation led by Federation President Manik Ratna Shakya met Bam Bahadur Mishra, Deputy Governor of Nepal Rastra Bank and made such a demand. Traders have sought to modify the process of distribution of gold so that it is in line with the federal framework.
Till now the distribution of gold has been done at the regional level according to the old structure and in the present situation that method has not been practical, therefore the Federation is requested to make arrangements for the distribution of gold at the regional level as soon as possible.
On this occasion, Deputy Governor of Nepal Rastra Bank Mishra said that he has taken the demands of the federation seriously. He said that necessary decision will be taken in this matter in consultation with the concerned agencies. In this regard, he assured that he will take necessary steps to implement the system that transactions can be done from one bank account through all banks and gold can be easily available from the designated checkpoints in the process.
During the meeting, the businessmen told that due to the reduction in the quota of gold, the gold and silver businessmen across the country are facing problems and also requested to improve the supply system. Federation’s president Shakya told that while buying gold it is mandatory and uncomfortable for traders to open an account in every bank. He said that although there is a system in the process of providing gold from different 9 outposts in the country, banks are not working accordingly.