The Non-resident Nepali Association is set to hold an interaction with non-resident Nepalis regarding their support to ease the situation in the context of the problems faced by the country due to reduced foreign currency reserve. The interaction will also see the participation of government officials.

The emergency meeting of the NRNA International Coordination Council yesterday decided to join hands with the government in addressing the possible economic crisis in the country, NRNA Spokesman Shiva Baruwal said. NRNA Executive President Kul Acharya chaired the meeting, which was also attended by the other two presidents Badri KC and Rabina Thapa.

The meeting decided to hold an extensive interaction today with the participation of the finance minister, finance secretary, Nepal Rastra Bank officials and economists, among others, in a bid to address the situation of decreasing foreign reserves.

The NRNA spokesman said the meeting decided that all the non-resident Nepalis would be urged to open an account in US dollars in any bank in Nepal and to deposit at least 1,000 USD in that account.

It also decided to form a taskforce under NRNA Vice-president Bhusan Ghimire's leadership to study the problems that might arise while opening the dollar account, remitting dollars, saving the amount in that account and while withdrawing money from the account at the time of need as well as giving suggestion to the government on the difficulties created by the monetary policy for Non-resident Nepalis. A publicity committee has been formed under the leadership of general secretary duo Gauri Joshi and Keshab Poudel to ensure participation of all the Non-resident Nepalis in the interaction programme.

A version of this article appears in the print on April 13, 2022, of The Himalayan Times.