YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

Nepal Second South Asian Country to Grapple with Economic Woes

NEW DELHI – Nepal has banned imports of cars, alcohol and other luxury goods to conserve foreign exchange reserves as spiraling prices of fuel and food imports stemming from the war in Ukraine strain an economy already battered by the COVID-19 pandemic.

The Himalayan nation between India and China is the second South Asian country, after Sri Lanka, to face a foreign exchange crunch.

The goods that will not