Kathmandu. Nepal Rastra Bank (NRB) has issued a statement for the current fiscal year 2082. The first lady of 83 has released a report on the current economic and financial situation of the country.
According to the report, along with the fall in inflation, other economic activities are also positive. The year-on-year consumer price inflation stood at 1.68 percent in mid-July 2022. In the corresponding month of the previous year, it was 4.09 percent.
In the first six months of the current fiscal year, the total merchandise exports increased by 95.7 percent to Rs. 23.93 billion. In the same period of the previous year, such receipts had decreased by 9.6 percent.
Similarly, the total import of goods increased by 11.4 percent in the first six months of the current fiscal year. It has reached Rs 143.04 billion. Such imports had decreased by 0.6 percent in the corresponding period of the previous year.
In the review period, the total merchandise trade deficit increased by 2.5 percent to Rs. It has reached Rs 119.11 billion. Such deficit had increased by 0.4 per cent the year before that.
The remittance inflow increased by 29.9 percent in the current fiscal year. It has reached Rs 177.41 billion. In the same period of the previous year, the remittance inflow had increased by 17.7 percent. It was Rs 136.60 billion.
During the review period, the current account stood at Rs. It has savings of Rs 78.14 billion. In the same period of the previous year, the current account was Rs. It had surplus of Rs 33.08 billion.
During the review period, the balance of payment position was Rs. It has a surplus of Rs 89.30 billion. In the same period of the previous year, the balance of payment position was Rs. It had a surplus of Rs 40.90 billion.
The total foreign exchange reserves increased by 4.8 percent from Rs. 2677.68 billion in mid-July 2082. 2.806 trillion.
Based on the imports of the review period, the foreign exchange reserve of the banking sector is sufficient to sustain the import of goods for 20.4 months and goods and services for 16.6 months.
