Money exchanges can buy Kuwaiti Dinar‚ Bahraini Dinar, but not sell
Money exchanges can buy Kuwaiti Dinar and Bahraini Dinar, according to the central bank.
"The central bank has opened up exchange facility for the Kuwaiti Dinar and Bahraini Dinar," the Nepal Rastra Bank (NRB) notice said, adding that the money exchanges can however, only buy it but not allowed to sell Kuwaiti Dinar and Bahraini Dinar.
There are some five currencies – Hong Kong dollar, Danish Krone, Swedish Krone, Kuwaiti Dinar and Bahraini Dinar – now in the central bank's basket that can be only bought by the money exchange facilities in Nepal but not allowed to sell in exchange of Nepali rupee, according to the central bank, that has been allowing exchange of 15 foreign currencies for both buying and selling.
The world’s two most expensive currencies – Kuwait Dinar is above Rs 350 per dinar and Bahraini Dinar is above Rs 263 per dinar – opening of buying is expected to make Nepali returnee migrant workers carry their currency back home from Kuwait and Bahrain as some 6,500 Nepali migrants have been registered to leave for Kuwait and 1,500 for Bahrain in the current fiscal year.