Posted inNeighbourhood Watch

Nepal’s central bank bans citizens from investing in foreign countries

Kathmandu: Nepal’s central bank on Friday barred Nepalese nationals from investing in foreign countries, warning that such a move would invite strict punishment. According to a notice issued by Nepal Rastra Bank, the country’s central bank, Nepalese nationals are not allowed to purchase land, house, property, debenture and deposit money in foreign banks and financial institutions […]