NRB unveils report on country's economic and financial situation

Kathmandu, December 12 — Nepal Rastra Bank has released a report detailing the current economic and financial situation of the country. The report is based on data from the first four months of the current fiscal year.

According to the bank, the inflation based on the consumer price index stands at 5.60% on an annual basis.

Imports have increased by 0.2%, and exports have risen by 4.2%.

Similarly, remittance inflows in Nepalese rupees have grown by 9.1%, and the balance of payments is at 205.83 billion rupees in savings.

The total foreign exchange reserves stand at 1.67 billion USD, while the government expenditure is 415.02 billion rupees and the revenue collection stands at 323.24 billion rupees.

The broad money supply has increased by 3.0%, while the annual growth rate of money supply is 12.1%.

The report also mentions that deposits collected by banks and financial institutions have risen by 2.3%, and loans provided to the private sector have increased by 2.5%.

Click here to view the full report.