Nepal Rastra Bank has released data showing a strong improvement in the country’s balance of payments and current account surplus during the first 11 months of the current fiscal year. Both figures have increased significantly compared to the same period last year.
Nepal Rastra Bank has published the state of Nepal’s economy for the first 11 months of the current fiscal year (up to the end of Jestha). According to the data, the country’s balance of payments showed a surplus of Rs 4 arba 91 crore 44 lakh, up from Rs 4 arba 25 crore 67 lakh during the same period last year.
When measured in US dollars, the balance of payments surplus also improved, increasing from USD 320 million last year to USD 362 million in the current period. This surplus indicates that foreign currency inflows into the economy have exceeded outflows
The current account also showed notable improvement, with a surplus of Rs 3 arba 7 crore 31 lakh compared to Rs 2 arba 38 crore in the sae period last year. In USD terms, the current account surplus reached USD 226 million this year, up from USD 151 million last year
During this period, net capital transfers amounted to Rs 8 crore 96 lakh, an increase from Rs 5 crore 46 lakh in the previous year. Similarly, direct foreign investment (equity only) reached Rs 11 crore 9 lakh, up from Rs 8 crore 24 lakh in the same period last year.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
