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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
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Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
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RBI To Give Nepal Rs 1 Billion In 100-Rupee Banknotes To Ease Crisis: Report
Currently, NRB has around Rs 3.5 billion in its coffers and after bringing another Rs 1 billion, NRB will be able to provide exchange facility to Nepali and Indian nationals in Nepal for the next eight to nine months.
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Reserve Bank of India To Give Nepal Rs 1 Billion In 100-Rupee Notes
The Reserve Bank of India (RBI) has agreed to provide Rs 1 billion to the Nepal Rastra Bank (NRB) after its request that the country was facing a shortage of Indian currency in 100 denomination banknotes.
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India's Demonetisation Drive Drags Down Nepal's Economy
Nepal depends heavily on funds from workers in India, who sent home $640 million in 2016, or about 2.6 percent of Nepal's gross domestic product.
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Nepal Also Hit As India Bans Its Rs 500, Rs 1,000 Notes
India's decision to demonetise Rs 500 and Rs 1,000 currency notes had its ripple effect in Nepal -- affecting transactions, depressing the share market, creating difficulties for border residents and raising concerns among citizens working in India.
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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
-
Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
-
RBI To Give Nepal Rs 1 Billion In 100-Rupee Banknotes To Ease Crisis: Report
Currently, NRB has around Rs 3.5 billion in its coffers and after bringing another Rs 1 billion, NRB will be able to provide exchange facility to Nepali and Indian nationals in Nepal for the next eight to nine months.
-
Reserve Bank of India To Give Nepal Rs 1 Billion In 100-Rupee Notes
The Reserve Bank of India (RBI) has agreed to provide Rs 1 billion to the Nepal Rastra Bank (NRB) after its request that the country was facing a shortage of Indian currency in 100 denomination banknotes.
-
India's Demonetisation Drive Drags Down Nepal's Economy
Nepal depends heavily on funds from workers in India, who sent home $640 million in 2016, or about 2.6 percent of Nepal's gross domestic product.
-
Nepal Also Hit As India Bans Its Rs 500, Rs 1,000 Notes
India's decision to demonetise Rs 500 and Rs 1,000 currency notes had its ripple effect in Nepal -- affecting transactions, depressing the share market, creating difficulties for border residents and raising concerns among citizens working in India.
