सिंहदरबार संवाददाता
Kathmandu. Foreign exchange reserves have reached 16.84 billion US dollars in the first six months of the current year. The dollar reserves have increased by 10.3 percent compared to the previous year.
The total foreign exchange reserves, which stood at 2041 billion 100 million rupees in mid-Ashar 2081, have increased by 13.5 percent and reached 2316 billion 840 million rupees in mid-Poush 2081. Such reserves in US dollars increased by 10.3 percent to Rs 16.84 billion in mid-Ashar 2081, from Rs 15.27 billion in mid-Ashar 2081.
Out of the total foreign exchange reserves, the reserves held by Nepal Rastra Bank increased by 12.1 percent to Rs 2072.34 billion in mid-Ashar 2081. The foreign exchange reserves held by banks and financial institutions (excluding Nepal Rastra Bank) stood at Rs 192.55 billion in mid-Ashar 2081, but increased by 27 percent to Rs 244.50 billion in mid-Poush 2081.
The share of Indian currency in the total foreign exchange reserves as of mid-Poush 2081 is 24.3 percent. Based on the 6 months of imports in the fiscal year 2081/082, the foreign exchange reserves held by the banking sector are expected to be sufficient to cover 17.3 months of imports of goods and 14.4 months of imports of goods and services.
This is the economic situation of the country
On an annual basis, inflation based on the Consumer Price Index is 5.41 percent. Imports have increased by 71 percent and exports by 31.8 percent.
Remittance inflows have increased by 4.1 percent in Nepali rupees and 1.1 percent in US dollars. The balance of payments position is in surplus by Rs.249.26 crore.
The total foreign exchange reserves have reached 16.84 billion US dollars. The expenditure of the Government of Nepal is Rs.667.60 billion and the revenue mobilization is Rs.559.61 billion.
The broad money supply has increased by 3.9 percent. On an annualized basis, such money supply has increased by 102 percent. Deposit collection by banks and financial institutions has increased by 3.7 percent and credit flow to the private sector has increased by 5.2 percent. On an annualized basis, the growth rate of deposits is 99 percent and the growth rate of credit flow to the private sector is 70 percent.
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