Posted by: AeX5m7zBC6jf4Z January 15, 2017
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I have around 100,000 US dollars on banks on Nepal on a Fixed Deposit of 6%. Yes, the interest rate is much better than US which has interest rate of 1%. I get a lot of interest money in Nepalese rupees, which is a good thing. Also, exchange rate of NRS vs USD will not increase at 6% per annum, which means that if I convert Nepali Ruppes to USD after one year, I will still be making profit.
However, Nepal does not allow converting Nepalese Rupees to USD. In other wors, they do not allow sending money from Nepal to USA without a valid reason such as student expenses, or medical expenses. In either case, I can never come up with a valid reason to prove that I need such a huge amount of money back.
Do you guys know a legal way to get the money back in USA, whenever I need it, specially when I plan to buy a house or some big investments?
However, Nepal does not allow converting Nepalese Rupees to USD. In other wors, they do not allow sending money from Nepal to USA without a valid reason such as student expenses, or medical expenses. In either case, I can never come up with a valid reason to prove that I need such a huge amount of money back.
Do you guys know a legal way to get the money back in USA, whenever I need it, specially when I plan to buy a house or some big investments?