Kathmandu. Ecommerce side drawer.com.np has been found to be involved in foreign exchange digestion. Daraj was found selling foreign currency including US dollars at a premium price.

As mentioned in the ecommerce side, if you pay Rs. 1,300, you can load 10 US dollars on PayPal. However, some time ago, Nepal Rastra Bank (NRB) took action after it was found that Isewa was loading money in PayPal. After the action, Isewa has stopped the service of loading dollars in PayPal.

The exchange rate set by Daraj for loading money in PayPal is much higher than that set by Nepal Rastra Bank. Nepal Rastra Bank has set a selling rate of Rs 123.36 per US dollar for today. However, it is said that one has to pay Rs 1,300 to load 10 US dollars in a drawer on PayPal. Paying 1,300 rupees for 10 dollars means that the exchange rate is 130 rupees.

According to the existing law of Nepal, banks other than financial institutions that have obtained permission from the National Bank are not allowed to sell US dollars. However, Daraj has been found selling US dollars at a premium price from his side.