BoP in surplus; remittance inflows, foreign exchange reserves increase
Summary
Nepal's foreign exchange reserves reached Rs 3201.47 billion, supporting 18.2 months of imports, with balance of payments surplus and a 35.6% rise in remittance inflows during the first five months of fiscal year 2082/83 BS.
Key Points
- Gross foreign exchange reserves stood at Rs 3201.47 billion, sufficient for 18.2 months of imports.
- Nepal's current account and balance of payments recorded surpluses of Rs 358.83 billion and Rs 421.89 billion respectively.
- Remittance inflows increased by 35.6% in NPR terms during the review period.
- Exports rose 58.2% and imports increased 15.8%, leading to a 10.5% growth in the trade deficit to Rs 649.68 billion.
