Nepal Rastra Bank revokes licenses of two money changers
Kathmandu. Nepal Rastra Bank has revoked the licenses of two money changers. The central bank has cancelled the operating permits of Amrit Laxmi Money Changer Pvt. Ltd. and Super Fine Money Changer Pvt. Ltd.
The bank stated that both companies had their licenses revoked for failing to renew them on time. Both companies are located in Biratnagar Metropolitan City-15, Morang district.
According to the central bank, the licenses were revoked in accordance with the provisions of Regulation 19, Sub-regulation (3) of the Money Changer Licensing and Inspection Regulations, 2077, due to the failure to renew them within the stipulated timeframe.
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