Skip to Content

Cash-strapped Nepal bans imports of cars, cuts work week

By BINAJ GURUBACHARYA
Associated Press

KATHMANDU, Nepal (AP) — Nepal is banning imports of cars, alcohol and tobacco and cutting its work week to cope with a shortage of foreign exchange. The Himalayan country published a notice in the government gazette Wednesday saying imports of all cars except for emergency vehicles, all types of alcohol, big motorcycles, expensive mobile phones, toys and diamond are banned until the end of the fiscal year in July. Nepal has been running low on foreign currency reserves needed to import almost everything. Officials say it will run out within a few months if things don’t improve. To conserve fuel, Nepal’s five and half day work week will be shortened to five days.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content