Kathmandu. Nepal Rastra Bank (NRB) has issued a statement for the current fiscal year 2082. It has published a report on the economic and financial situation of the country up to January 7, 2018. According to the report, the country’s major economic indicators are positive.
The year-on-year consumer price inflation stood at 3.25 percent in February 2022. It was 4.16 percent in the corresponding month of the previous year.
In the first seven months of the current fiscal year, merchandise exports increased by 32.2 percent to Rs. It has reached Rs 168.15 billion. Such exports had grown by 46.5 percent in the same period of the previous year.
Total goods imports increased by 13.6 percent in the review period. It has reached Rs 1,123.49 billion. Such imports had increased by 10.1 percent in the same period of the previous year.
The total merchandise trade deficit increased by 10.9 percent in the first seven months. It has reached Rs 955.34 billion. Such deficit had increased by 9.2 per cent the year before that.
The remittance inflow increased by 39.8 percent to Rs. It has reached Rs 1,261.01 billion. The remittance inflow had grown by 7.5 per cent in the same period of the previous year. Remittance inflow in the month of January 2082 was Rs. 198.08 billion. In the same month of the previous year, the remittance inflow was Rs. It was Rs 137.50 billion.
During the review period, the current account stood at Rs. There is a surplus of Rs 493.78 billion. In the same period of the previous year, the current account was Rs. There was a surplus of Rs 184.14 billion. The current account had surplus of Rs 3.47 billion in the review period of the previous year, compared to Rs 1.37 billion in the same period of the previous year.
Rs. 2082 The total foreign exchange reserves increased by 23.3 percent from Rs 2.677 trillion to Rs 3.32 trillion as of mid-February 2082.
Based on imports up to seven months of the current fiscal year, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 21.3 months and goods and services for 18.0 months.
