NRB Report Financial status of Nepal : Current account surplus is 96 billion and net surplus is one and a half billion

Dec Thu 2023 03:31:50

898 views

NRB Report Financial status of Nepal : Current account surplus is 96 billion and net surplus is one and a half billion

Kathmandu. In the first four months of the current financial year (FY), the current account surplus has reached close to 1 billion, while the current account surplus has reached 1.5 billion. The Economic Research Department of Nepal Rastra Bank has published this information in the report of the economic and financial situation based on the data of 4 months of the current financial year 2080/81.

According to Rastra Bank, the current account is in surplus by 96.38 billion till the end of October. During the same period of the last financial year, the current account, which was in deficit by 37 billion 79 crores, has seen a significant surplus in the current financial year. The current account in US dollars is in surplus of 725.1 million.

By the end of October, the capital transfer decreased by 46.6 percent and remained at 1.59 billion. Net foreign direct investment is 3.64 billion. During the same period last year, capital transfer was 2 billion 97 million and net foreign direct investment was 42 million 92 million.

Not only the current account but also the savings account has increased significantly. According to the National Bank, the current account balance is 147 billion 11 crores in surplus at the end of October. During the same period of the previous year, the balance sheet was in surplus of 20 billion 30 million. 1 billion 11 billion US dollars are in savings.