Libyan Dinar exchanged for Rs 59.62

Tue, May 24, 2011 12:00 AM on Others, Others,
KATHMANDU, May 24:
Foreign Employment Promotion Board has helped Libya returnees exchange Libyan Dinar with Nepali rupees today.

“We handed over Rs 158.07 million worth cheques to two outsourcing agencies to distribute money among the returnees for Libyan Dinar they had brought,” said executive director of the board Sthaneshwor Devkota. According to the board, around 300 Libya returnees had deposited Libyan Dinar 2,65,139 in Nepal Rastra Bank to exchange in March but the money could not be exchanged. The cabinet meeting on May 13 has decided to help exchange Libyan Dinar.

According to the board, two outsourcing agencies – SOS Manpower Services and Jasmine International – received cheques of Rs 4.08 million and Rs 117.22 million, respectively. They will distribute the money to workers within two weeks.

The board meeting held today decided to exchange Libyan Dinar at the rate of Rs 59.62 per Libyan Dinar.

“We will distribute the money to the returnees as soon as we convert it in cash,” said director of SOS Som Lal Bataju after receiving the cheque. “It will take three to four days to cash the cheques,” he said. Similarly, Jasmine’s director Kapil Uprety also said that he will distributed money within two week.

The government had rescued around 1,800 Nepalis from Libya in February-March following anti-government protest. Some of them had carried Libyan Dinar they had while fleeing the country in hurry. Likewise, the board has today supported Rs 100,000 each to the families of 78 Nepalis, who died in overseas work in the last six month. Of them 77 have died in Malaysia, 46 in Saudi Arabia, 28 in Qatar and one each in Bahrain and South Korea.

Source: THT