Over two quintals of gold jewellery seized at TIA customs in the last two months

Government may tighten imports of the yellow metal further to stem forex reserve depletion.

The customs office at the Tribhuvan International Airport (TIA) has seized more than two quintals of gold jewellery brought by Nepalis from abroad in excess of the allowed limit, over the last two months. This shows the yellow metal has been entering the country in considerable quantities through individuals besides official import of gold by commercial banks and may provide some answers to the depletion in Nepal’s foreign exchange reserves.