Nepal’s current forex reserve is enough to pay imports of goods, service for 6.3 months: NRB

KATHMANDU, April 12: Nepal’s current foreign exchange reserve is enough to pay imports of goods and services for more than six months, according to a latest report of the Nepal Rastra Bank (NRB). According to the central bank, Nepal has a foreign reserve of 1,171 Arba dollar as of mid -March. The amount has decreased by 16.3 percent in the first eight months of the current fiscal year. Likewise, imports soared by 38.6 percent and exports by 82.9 percent in the first eight months of the current fiscal year. Palm Oil, Soybean Oil, Fiber and Wool Carpet tops the list of most exported goods by Nepal while Petroleum products, medicines, raw materials for palm oil and soybean oil and gold are Nepal’s largest import.

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Republica कार्तिक २०७९

NRB bars commercial banks from issuing loans for luxury imports

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NRB wants to reduce imports, but finance and commerce ministries aren’t happy

Citing a decline in the available amount of foreign exchanges, the central bank of Nepal, Nepal Rastra Bank (NRB), wants to reduce imports in the country. However, the Ministry of Finance and the Ministry of Industry, Commerce and Supplies are not impressed. The post NRB wants to reduce imports, but finance and commerce ministries aren’t happy appeared first on OnlineKhabar English News.

Onlinekhabar English कार्तिक २०७८

Nepal discourages imports amid falling forex reserves

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Nepalnews कार्तिक २०७८

Nepal discourages imports amid falling forex reserves

Nepal Rastra Bank (NRB) is moving to reverse a fast-depleting foreign exchange reserve by discouraging the import of non-essential goods and helping enterprises to borrow from abroad.

Nepalnews कार्तिक २०७८

NRB tightens imports, keeping cash reserves mandatory when opening LC - Khabarhub

Khabarhub English कार्तिक २०७८

Rise in government spending fuels imports, says NRB

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Republica माघ २०७४