Kathmandu. With the inflow of remittances into the country, the foreign exchange reserves have also increased. <\/p>\n
The current fiscal year 2083 was released by the Nepal Rastra Bank today. This is what the report on the current economic and financial situation of the country based on the data of the first month of July 84 shows this. <\/p>\n
According to the report, the remittance inflow in the first month of the current fiscal year increased by 21.2 percent to Rs. 215.05 billion. The remittance inflow had increased by 29.9 percent in the same period of the previous year. <\/p>\n
In the review period, the remittance inflow in US dollars increased by 10.2 percent to Rs 1.4 billion. The inflow had increased by 25.0 percent in the previous year. <\/p>\n
In mid-July 2083, Rs. The total foreign exchange reserves, which stood at Rs. 3897.67 billion, increased by 1.2 percent to Rs. 3.946 trillion. <\/p>\n
Out of the total foreign exchange reserves, the reserves with the Rastra Bank stood at Rs. 3.473 trillion as of mid-July 2008. It has increased by 1.3 percent to Rs. 3.517 billion in mid-July 2083. It has reached Rs. 3.517 trillion. <\/p>\n
In the first month of the current fiscal year, total merchandise exports increased by 61.7 percent to Rs. 38.70 billion. Such exports had increased by 95.7 percent in the same period of the previous year. <\/p>\n
In the review period, total merchandise imports increased by 31.0 percent to Rs. 187.44 billion. Such imports had increased by 11.4 percent in the same period of the previous year. <\/p>\n
In the first month, the total merchandise trade deficit increased by 24.9 percent to Rs. 148.74 billion. The deficit had increased by 2.5 percent in the same period of the previous year. <\/p>\n
In the review period, the current account was Rs. 94.59 billion. In the same period of the previous year, the current account was Rs. 78.29 billion. <\/p>\n
In the review period, the balance of payment position was Rs. 90.34 billion. In the same period of the previous year, the balance of payment position was Rs. 89.30 billion. <\/p>\n
Based on the imports of the first month of the current fiscal year, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 21.8 months and goods and services for 18.8 months. <\/p>\n
On the other hand, inflation has increased sharply. In July 2008, the annual consumer price inflation was 5.96 percent. In the same month of the previous year, it was 1.68 percent. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. With the inflow of remittances into the country, the foreign exchange reserves have also increased. The current fiscal year 2083 was released by the Nepal Rastra Bank today. This is what the report on the current economic and financial situation of the country based on the data of the first month of July 84 […]<\/p>\n","protected":false},"author":16,"featured_media":229318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45060,45159],"tags":[],"class_list":["post-316261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-corporate-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=316261"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316261\/revisions"}],"predecessor-version":[{"id":316262,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316261\/revisions\/316262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/229318"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=316261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=316261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=316261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}