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Impact of lowering domestic remittance limit
KATHMANDU: Earlier this month, the Nepal Rastra Bank (NRB) reduced the individual daily limit for domestic remittance from 100,000 to 25,000 Nepalese rupees. Guruprasad Poudel, Executive Director of NRB, said the limit was reduced to discourage Hundi, make remittance companies more focused on their objectives, and to encourage bank...
