Nepal to categorise Bangladeshi, Sri Lankan currencies convertible
Nepal’s central bank has announced that it will categorise the Bangladeshi and Sri Lankan currencies as convertible foreign exchanges within the country, a move welcomed by the tourism sector.
“The currencies of Bangladesh and Sri Lanka, with which more foreign exchange transactions shall occur, will also be included in the list of convertible currencies,” the Nepal Rastra Bank stated in its Monetary Policy for 2025–26.
Tourism professionals in Nepal have expressed optimism about the decision.
“The central bank’s announcement, if implemented, would help to bring more Bangladeshi tourists to Nepal,” said Ram Bahadur Pahari, team leader at Himalaya Journey Treks & Expedition.
According to the Nepal Tourism Board, Bangladesh and Sri Lanka were the fourth and ninth largest sources of foreign tourists in June.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 2
Fire service retrieves 52-year-old man’s body from Kwara well
Mr Adekunle noted that the location was said to be close to the residence of the deceased.
Heading 1
U.S.-based Ghanaian professor Kofi Akamani shot dead, wife arrested
Ms Akamani is scheduled to be back in court on October 6 for a preliminary hearing.
NationWide
Fans celebrate iconic juju singer King Sunny Ade at 80
The octogenarian is also a recipient of the Member of the Order of the Federal Republic (MFR).
Rights
Expert backs suicide decriminalisation
Taiwo Obindo, a psychiatrist, says decriminalising attempted suicide will enable more people to access mental health assessment, treatment and psychosocial support.
Agriculture
WAP decries cruelty against ostriches in South Africa
An international non-profit organisation, World Animal Protection, has decried the cruelty masterminded against ostriches in South Africa.
Abuja
Abuja resident arraigned for assaulting neighbours
Abdullahi Shuiabu was arraigned before a magistrate’s court in Abuja on Tuesday for assaulting his neighbours and causing grievous bodily harm.
