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The country’s economy is strengthening, saving both current account and balance of payment

nabil bank

Kathmandu. Nepal’s economy has improved. During the review period, the country’s current account stood at Rs. It has surplus of Rs. 358.83 billion, which was Rs. 358.83 billion in the same period of the previous year. This is more than double the savings of Rs 158.45 billion.

In US dollars, the current account position is also strengthening. The current account surplus increased by $2.54 billion in the review period from $1.18 billion in the previous year.

Net capital transfer during the period reached Rs. 7.06 billion as against Rs. 7 TAG_OPEN_div_10.06 billion in the corresponding period of the previous year. This is a significant increase compared to Rs 3.5 billion. Similarly, foreign direct investment (equity only) has also improved. During the review period, Rs. Foreign direct investment (FDI) worth Rs 7.47 billion has been imported into Nepal as compared to Rs. 7.47 billion in the previous year. That’s more than Rs 6.3 billion.

The most positive sign is the balance of payment. During the review period, the balance of payment was Rs. It has a surplus of Rs 421.89 billion. In the same period of the previous year, it was Rs. It was only Rs 225.34 billion. In dollar terms, the balance of payments stood at $2.98 billion, a big improvement from $1.68 billion in the previous year.

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