Section 12
Facility Related To Foreign Currency:
12. Facility related to foreign currency:
(1) Notwithstanding anything contained in the prevailing law, the Centre may maintain and operate a fund and account of foreign currency within Nepal or in any foreign country and may transfer or exchange such fund within or outside Nepal or from a country to another country or may convert from one foreign currency to another currency.
(2) The procedures to be followed by the Centre while consuming facilities granted pursuant to sub-section (1) shall be as determined by the mutual negotiation between the Government of Nepal and the Centre.
(1) Notwithstanding anything contained in the prevailing law, the Centre may maintain and operate a fund and account of foreign currency within Nepal or in any foreign country and may transfer or exchange such fund within or outside Nepal or from a country to another country or may convert from one foreign currency to another currency.
(2) The procedures to be followed by the Centre while consuming facilities granted pursuant to sub-section (1) shall be as determined by the mutual negotiation between the Government of Nepal and the Centre.