NRB gives green signal to Silver heritage to bring 3 Billion Nrs from HK


6th Jul, 2017 | Tourism Mail Crew


KATHMANDU, July 6 : Nepal’s central bank the Nepal Rastra Bank has granted permission to Sillver Heritage Investment to bring in 3.5 Billion rupees from Hongkong.

[caption id="attachment_6800" align="alignnone" width="891"] Tiger Palace Resort[/caption]

NRB made the decision over the issue on Wednesday which was stalled for last six months as the source of the income was not clear.

“It was blocked because it hadn’t completed the process, now all the procedures are completed and we have permitted it to bring in the money,” Bishma Raj Dhunga, a official from the Foreign exchange management department of Nepal Rastra Bank said.

The Silver Heritage Investment Pvt. Ltd is the assisting organization in Nepal to bring in the investment from Hongkong where the office of multinational investment company, Silver Heritage Group lies. The company also got enlisted in the Australian Securities exchange on August 29.

The company has completed the construction of Tiger Palace Resort in Kotihawa of Rupandehi district in Nepal. It is unable to come under operation because of the objection by the central bank which blocked the flow of money into Nepal.

Now with the permission granted the company is intending to invest the amount to bring the Tiger Palace Resort One in Rupandehi under operation and the construction of the second hotel with the same name in Jhapa. It already has acquired 22 Bigah of Land Jhapa for the establishment of Tiger Palace Resort Two in Jhapa.