Section 5: Restriction on Export and Import of Certain Currency and Bullion

1) The Government of Nepal may issue an order by a Notification in the Nepal Gazette, thereby restricting the importing of or sending any certain type of Nepalese currency or foreign currency by any person, firm, company or body into or to the whole or any certain area of Nepal, without obtaining the license from the Bank. In issuing such an order, the Government of Nepal may specify in the order that such a restriction is not applicable to any person, firm, company or body or to any certain type of Nepalese currency or foreign currency.

2) No person, firm, company or body shall, without obtaining the license from the Bank, carry or send any foreign exchange, except the Nepalese currency or any foreign exchange obtained from the licensee, outside any area of Nepal.

Provided that, the Government of Nepal may, by a Notification in the Nepal Gazette, issue an order exempting any foreign exchange from such a restriction.