Kathmandu. Total foreign exchange reserves have reached 17.63 billion US dollars in the first nine months of the current fiscal year. According to the data released by Nepal Rastra Bank today (Sunday), foreign exchange reserves are increasing as remittance inflows increase.
Similarly, inflation based on the Consumer Price Index on an annual basis is 3.39 percent. Imports have increased by 12.2 percent and exports by 65.2 percent, while remittance inflows have increased by 100 percent in Nepali rupees and 73 percent in US dollars.
The balance of payments position is in surplus by Rs. 346.23 billion. The expenditure of the Government of Nepal is Rs. 998.52 billion and the revenue mobilization is Rs. 831.40 billion.
The broad money supply has increased by 6.2 percent. On an annual point basis, such money supply has increased by 11.6 percent. Deposit collection of banks and financial institutions has increased by 5.7 percent and credit flow to the private sector has increased by 71 percent.
The growth rate of deposits on an annual point basis is 11.5 percent and the growth rate of credit flow to the private sector is 8.3 percent.
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