Forex for basic goods, pharmaceuticals to be provided at official rate

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The Cabinet session also tasked Ministry of Industry, Mine and Trade to update the list of the said goods and exert necessary supervisions to ensure that basic commodities are distributed among the public at the official rate.

All the exchange dealers are allowed to sell currencies merely for passengers and services according to the CBI’s forex regulations, the Cabinet session approved.

Import of currency in the form of banknote and gold by real and legal entities is allowed on condition of observing CBI’s laws. Import of raw gold is exempted from value-added tax.

The Cabinet also allowed CBI to collect forex deposits through operating banks.
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