Kathmandu. The current economic and financial situation of the country seems to have improved significantly. Nepal Rastra Bank (NRB) has released this data for the 10 months of the current fiscal year.
Imports and exports have increased while prices have fallen. Foreign exchange reserves have improved significantly due to the increase in remittances.
Key indicators
inflation
The annual point-wise consumer inflation stood at 2.77 per cent in April 2018. It was 4.40 per cent in the same month last year.
export
fiscal year 2081. Total merchandise exports increased by 72.7 per cent in the 10 months of 2018-19. It has reached Rs 217.91 billion. Such exports had declined by 3.6 percent in the same period last year.
Import
fiscal year 2081. Total imports of goods increased by 13.1 percent in the 10 months of 2018 to Rs. It has reached Rs 1,474.19 billion. In the same period of the previous year, such imports had decreased by 2.4 percent.
The total merchandise trade deficit increased by 6.7 percent to Rs. It has reached Rs 1,256.28 billion. In the same period of the previous year, such losses had decreased by 2.3 percent. During the review period, the export-import ratio reached 14.8 percent. It was 9.7 percent in the same period last year.
remittance
fiscal year 2081. Remittance inflows increased by 13.2 percent to Rs 1,356.61 billion in the 10 months of 2018-19. Remittance inflows had increased by 16.9 percent in the same period of the previous year. Remittance inflow in the month of April 2018 is Rs. It stands at Rs 165.3 billion. In the same month of the previous year, the remittance inflow was Rs 115.99 billion.
Current account and balance of payments status
During the review period, the current account is Rs. There is a savings of Rs 255.93 billion. In the same period of the previous year, the current account was Rs. It had saved Rs 193.31 billion. In us dollar terms, the current account was saved by Rs 1.89 billion in the review period as compared to Rs 1.45 billion in the same period last year.
During the review period, the balance of payment position is Rs. There is a savings of Rs 438.52 billion. In the same period of the previous year, the balance sheet position was Rs. It had saved Rs 392.64 billion. In us dollar terms, the balance of payments was Rs 3.23 billion in the review period as compared to Rs 2.95 billion in the same period of the previous year.
foreign exchange reserves
In mid-July 2018, Rs. Total foreign exchange reserves increased by 23.1 per cent to Rs 2,512.95 billion in mid-April 2082. Such reserves in US dollars stood at Rs 15.27 billion at the end of June 2081, while
In mid-April 2018, it increased by 20.5 percent to Rs 18.4 billion. fiscal year 2081. Based on the 10-month import of 82, the foreign exchange reserves with the banking sector will be sufficient to sustain 17.4 months of goods imports and 14.6 months of goods and services imports.
