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Nepal: Foreign Exchange Reserves up by 2.5 percent in last three months
November 17, 2022 20:30 pm
KATHMANDU, Nov 17: Nepal’s foreign exchange reserves increased 2.5 percent to Rs 1246.22 billion in mid-October 2022 from Rs 1215.80 billion in mid-July 2022, according to the latest report of Nepal Rastra Bank (NRB).
Impact of political and economic crisis in Europe on emerging South Asian countries
August 16, 2022 20:22 pm
South Asian countries are suffering the consequences of a tense and unstable global economic situation, with multiple causes, including the war in Ukraine. The soaring inflation widens budget deficits and empties the coffers of the countries in the region, often already very dependent on the outside for their oil and food supplies. If, in the face of inflation, global actions are beneficial in the short term, they threaten the independence of certain countries and unsettle governments, shown by the examples of Nepal and Sri Lanka.
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