Nepal turns into a silver smuggling hub. Control requires a lot of effort

In the first three months of the current fiscal year, silver imports in Nepal stood around 126,000 kilograms. In the same period, the Department of Customs says roughly 7,200 kilograms were exported out of the country in the shape of dishes, decorative items and jewelry.

There are only a few people who sell silver in Nepal. They say that, on average, they sell around 200 kg silver a day. Thanks to Covid-19, that number is decreasing every day, says the Federation of Nepal Gold And Silver Dealers Association.