Nepal’s Balance of Payment (BoP) has witnessed a surplus of NPR 120.90 billion in the first ten months of the FY 2019\/20, meaning that outflow of money from the country is lower than what the country is earning.<\/p>\n
The Current Microeconomic and Financial Situation of Nepal (of first 10 months of FY 2019\/20) made public by Nepal Rastra Bank (NRB) revealed that the BoP was in deficit by NPR 600.2 million in the same period last fiscal.<\/p>\n
Foreign remittances, the main source of foreign exchange for the country, has declined by 6.1% to stand at NPR 0.68 trillion in the aforementioned period.<\/p>\n
The coronavirus pandemic has led to the negative growth rate of foreign remittances.<\/p><\/blockquote>\n
According to the Central Bank, the remittance inflow had increased by 19.6%<\/strong> in the corresponding period last fiscal.<\/p>\n
Meanwhile, the inflation rate stood at 5.83% in the first ten months, down from 6.74% in the first nine months of the current fiscal year.<\/p>\n
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- Food and beverage inflation stood at 8.66%<\/li>\n
- Imports declined by 13%<\/li>\n
- Exports increased by 4.5%<\/li>\n<\/ul>\n
Nepal Inflation Rate from 1984 to 2020<\/h2>\n