The existing arrangement regarding the import and sale and distribution of gold is going to be reviewed.

After the distortion in the gold quota and recommendation system, the businessmen have been demanding to open the import of gold on the basis of sales . Based on the demands of businessmen, a committee has been formed with representation from Ministry of Commerce and Supply, Finance, National Bank, Bankers Association, Federation of Nepal Industry and Commerce. It is going to be reviewed according to the report of the same committee.

"On the basis of the recommendations of the study report, the existing arrangement regarding gold import and sale distribution will be reviewed in coordination with the government," said the monetary policy for the financial year 2082/83 announced by Governor Vishwanath Paudel on Friday.

Currently, jewelers can buy gold imported by commercial banks only on the recommendation of the Nepal Gold and Silver Traders Federation, the Gems and Jewelery Federation, the Handicrafts Federation and the Nepal Art Traders Association.