Central bank bars Nepalese from investing abroad

KATHMANDU: Nepal’s central bank on Friday barred Nepalese nationals from investing in foreign countries, warning that such a move would invite strict punishment. According to a notice issued by Nepal Rastra Bank, the country’s central bank, Nepalese nationals are not allowed to purchase land, house, property, debenture and deposit money in foreign banks and financial institutions abroad.
Except under the provision specifically mentioned by the bank, no one shall engage in making this kind of…