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Import ban nearly suffocated Nepali economy, say experts

ANN/KATHMANDU POST – Nepal’s attempt to save foreign exchange by strangling imports nearly suffocated the economy in the last fiscal year, trade experts said. Worried by rapidly receding foreign currency reserves and growing trade imbalance, the government in April 2022 banned the import of a slew of items it called luxury goods. The embargo, which […] ....

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