Monetary Policy to Boost Slowing Economy: MP Shakya

The recently introduced monetary policy has injected hope into Nepal's economy, particularly for aspiring homeowners, according to Member of Parliament Shakya. "This policy has brought a ray of hope for every Nepali dreaming of building their own house," she stated.

Key Housing Loan Reforms
The policy has increased the personal housing loan limit from 2 crore to 3 crore rupees while raising the loan-to-value ratio from 50% to 70%. "These changes will significantly help middle-class families realize their dream of homeownership," Shakya emphasized.

Increased Foreign Exchange Allowance
The MP also welcomed the raised foreign currency exchange limit for outbound travelers from $2,000 to $3,000, calling it a practical and commendable decision that facilitates international travel for Nepali citizens.

Note: The measures aim to stimulate economic activity amid current slowdown.