Foreign Exchange (Regulation) Act 2019

Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange

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1) No person who has the right to obtain any foreign exchange outside Nepal or obtain payment in the Nepalese currency 44 shall, without obtaining permission of the Bank, do any act impeding payment of or delaying payment of such a foreign exchange or Nepali currency.

2) If any person violates sub-section (1), the Bank may give such direction as it thinks necessary to such a person to obtain the foreign exchange or effect payment of the Nepali currency.

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Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange

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