Nepal Rastra Bank unveiled its monetary policy for the F/Y 2072-73 at a program organized in Kathmandu on July 23 last. NATTA Treasurer Mr. Narayan Prasad Gurung Koney represented in the program. Earlier, NATTA delegates had met the Governor of the Bank Dr. Chiranjibi Nepal at his office and requested him to look into the problems caused by the duel currency system in IATA payment and the problem of the tour operators handling the Indian groups visiting Mansarovar-Kailash via Nepal. NATTA had demanded that the Indian pilgrims heading to Kailash should be facilitated with required US dollars in exchange of Indian Currency on the basis of the invoice they receive from Tibetan/Chinese Tour Operators for their services across the border.
Nepal Rastra Bank doesn’t seem to have considered the NATTA demand of removing the dual currency system in IATA payment but has created the provision of Foreign Exchange facility upto US$500 to Indian tourists visiting Mansarovar Kailash through Nepali Tour Operators.
Quote from NRB Policy: