NRNA to urge non-resident Nepalis to send dollars

KATHMANDU: The Non-Resident Nepali Association (NRNA) is set to hold interaction with non-resident Nepalis regarding their support in easing the situation in the context of decreasing foreign currency reserves in the country. The interaction will also have the participation of government officials. The emergency meeting of the NRNA International Coordination Council on Monday decided to join hands with the government in resolving the possible economic crisis in the country, NRNA spokesman Shiva Baruwal said. NRNA President Kul Acharya chaired the meeting which was also attended by the other two presidents — Badri KC and Rabina Thapa. The meeting decided to hold an extensive interaction on Wednesday in the participation of Finance Minister, Finance Secretary, Nepal Rastra Bank (NRB) officials and economists, among others, in a bid to address the situation of decreasing foreign reserves. The NRNA spokesperson said Wednesday's meeting decided that through the programme all the non-resident Nepalis will be urged to open account in US Dollars in any bank in Nepal and to deposit at least $1,000 in that account. It also decided to form a task force under NRNA vice-president Bhusan Ghimire's leadership to study the problems that might arise while opening the dollar account, remitting dollars, saving the amount in that account and while withdrawing money from the account at the time of need as well as giving suggestion to the government on the difficulties created by the monetary policy to the non-resident Nepalis. All the vice presidents of the NRNA are members of this task force. A publicity committee has been formed under the leadership of general secretary duo Gouri Raj Joshi and Keshab Paudel for having the participation of all the non-resident Nepalis in the interaction programme. All the deputy general secretaries and secretaries are included in this committee. Similarly, the meeting decided to facilitate all the non-resident Nepalis in opening the dollar account. This task will be led by the NRNA treasurer. All the joint treasurers are members of this committee. By RSS READ ALSO:

• 'Taking back returns should be facilitated to convince investors'
• Prez Bhandari urges NRN to utilise knowledge, skill, capital in Nepal
• Dispute in NRNA settled