29 March 2020 – Imposed temporary ban on luxury goods imports

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Nepal Rastra Bank has imposed a temporary ban on luxury goods imports, including gold over ten kilograms and vehicles worth over USD$50,000.

This measure is intended to reduce non-essential bank transfers.
Full details here: https://www.nrb.org.np/bfr/circular/2076-77/2076_77_(Notice)–18-Covid-19_Related-new.pdf