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Bridging the gap: Money Expo to conclude Wednesday

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KATHMANDU, Sept 14: The first ever finance related exhibition ´Money Expo 2011´ being held at the Army Officer´s Club will conclude on Wednesday. Finance companies, banks, commodity exchanges, investment companies, real estate, jewelries, traders, investors and brokers among others are participating in the three-day event.



On the second day of the expo people were seen crowding around different stalls dispensing information on different financial products. Money museum, book stall, jewelry stalls, housing and real estate stalls, agro and bio energy stalls and job provider meroJob.com were drawing crowd in good numbers.[break]



Lochan Koirala of Future Nepal Research and Development said there are more people interested in commodity market without understanding the business properly. “Hence we are trying to provide a platform for those who want to invest in this sector by educating them and providing market tips,” said Koirala.



Besides banking and financial sectors, different jewelry stores have also taken up stalls and are offering new plans for investments. Anand Jewellers at Indrachowk has come up with an investment plan named ´Anand gold purchase plan´ in which customers can invest Rs 2,000 and above.



Investment proceed is calculated on the value of gold based on latest price. “There will be 100 percent resale value of jewelries of 24 karat and 91.6 percent purity for jewelries of 22 karat while making charges and wastage will not be refunded,” said Paras Agrawal Rateria, manager of the store.



The visitors at the expo were attracted towards the stall of meroJob.com as the stall was demonstrating on how to get a job and how to hire new staff. “Our offer is: you do not have to pay money to get a job no do you have to pay money to hire an employee,” said Shailendra Raj Giri, managing director of meroJob.com.







The expo is providing visitors and investors a platform to interact directly with experts from different financial institutions and tax, trading, insurance, commodities, real state sectors among others by organizing two talk shows every day. Different seminars and lectures by financial experts, regulators, analysts and successful investors, quiz contest, art exhibition, national and international currency show, trading and investment movies show are also being organized.



“The expo has focused more on the promotion of investment opportunities and wealth protection strategies. Hence, we are not receiving huge crowd like other expos where products are exhibited,” said Samir Maharjan, member of the organizing committee.



First day of the expo received 9,000 visitors while on the second day 30,000 foot fall were recorded. The organizers are expecting a foot fall of over 50,000 visitors.





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