The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
An April 2022 government-imposed ban on imported goods categorized as luxury items intended to curb the outflow of dwindling foreign exchange reserves will remain in effect until mid- July 2022, but traders are cautioning that contraband could flood the country to placate market shortages.
“As the government has ordered 100 percent margin amount to open a letter of credit to import alcohol, illegal imports through the open border with India have proliferated”, one businessperson told The Kathmandu Post.
