Remittance Companies Urge Central Bank to Facilitate them in Availing their Services

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Remittance Companies Urge Central Bank to Facilitate them in Availing their Services

May 28: With the extension of prohibitory order, remittance companies have been facing problems in acquiring passes for transportation. This has in turn affected not only their business but also people from availing their service. Thus, remittance companies have requested Nepal Rastra Bank to facilitate in remittance payment.

The Umbrella Organization of Nepal Remitters Association has submitted a written request to the District Administration Office to arrange transportation passes for at least a limited number of employees.

The association submitted such a request after the government’s decision to extend the prohibitory period and enforce it strictly.

Officials at the Foreign Exchange Department of Nepal Rastra Bank stated that they have verbally requested the Chief District Officers to provide at least one or two passes per company since the central bank does not intend to halt remittance service.

According to Guru Prasad Poudel, the director of the department, the District Administration Offices have been requested to facilitate transportation to remittance companies for giving continuity to their services.

Due to high infection of Covid-19, Nepal Rastra Bank had directed remittance companies to carry out their operation with a handful of employees. On May 2, the companies were directed to work with maximum safety and vigilance. The Foreign Exchange Department of the central bank directed remittance companies to work with participation of limited number of employees.

Till date, 51 remittance companies have received permission from Nepal Rastra Bank to continue their operation. Similarly, 10 payment system operators and 28 payment service providers are given permission to operate.

 

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