Kathmandu. Nepal Rastra Bank has tightened the import of 47 items. It has been decided to keep 100 percent margin while importing most of the goods. In a statement issued on Wednesday, the National Bank of Nepal (NBN) said that only 50 percent margin should be maintained on the import of 2 out of 47 items. For the import of the remaining 45 items, only seven percent margin can be used to open a letter of credit.

The NRB has come up with a plan to save foreign exchange reserves by arranging for importers to invest 100 percent of their own money while importing 45 items. The margin amount is available in addition to cash in current (savings (call deposit account expenses). Similarly, once the amount is used in the margin, the bank will not be allowed to pay interest.

Similarly, Nepal Rastra Bank has stated that this rule will not apply to the import of medicinal products. Also, it has been stated that this provision will not be implemented even if the goods imported from abroad are 100% electronic.