The Dollar Problem
NOV 21, 2011, Kathmandu – While the global financial markets, led by the one in the US, have seen unprecedented uncertainty and volatility in recent months due to risks emanating from multiple global factors, the US dollar (USD) has performed remarkably well, particularly against emerging [...]
Nepal’s central bank will change the banknotes without ex-king’s faces
KATHMANDU,August 21, 2010-One of the youngest Republic of the World, Nepal Rastra bank is planning to change its bank notes pictures after More than two years of Nepal’s last king stepped down from the throne, his face is finally to disappear from the country’s banknotes, the central bank [...]
End bad budget culture: Nepal’s economy a shinking ship
KATHMANDU, JUL 13 – The government and major political parties came under fire from lawmakers on Monday for failing to bring a full-fledged budget and warned of a serious economic crisis.
Participating in a discussion over the Bill empowering the government to withdraw money from the consolidated [...]
Nepal’s GDP at 3 percent only
A new World Bank report has painted dim economic progress for Nepal projecting country’s GDP growth to remain at 3 percent in 2010 and 4 percent in 2011.
The growth in 2011 is projected to increase as agriculture recovers with the return of normal rainfall.
The World Bank South Asia Economic Update [...]
Doha Bank ties up with Nepal Credit and Commerce Bank.
Doha Bank, one of the largest private commercial bank in the State of Qatar, has tied-up with the Nepal Credit and Commerce Bank (NCC Bank), Nepal, to facilitate remittance to Nepal through electronic means.
The signing of the agreement was held in Doha, Qatar by Mr. R Seetharaman, CEO, Doha Bank and [...]
