KATHMANDU, May 11: Nepal received remittance worth Rs 109.07 billion just in one month between mid-March and mid-April.

KATHMANDU, April 12: Nepal’s foreign currency reserves reached a two years’ high of Rs 1.421 trillion on the back of soaring remittance earnings.

KATHMANDU, March 12: A significant improvement has been noticed in the country's foreign currency reserves in the first seven months of the current fiscal year.

KATHMANDU, Jan 15: The pressure on Nepal’s external sector, which had been persisting for almost one year, has now eased at the back of an increased remittance earnings and fall in imports.

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).

KATHMANDU, Sept 16: Nepal’s net financial outflows slowed in the first month of the current fiscal year, thanks to a rise in remittance inflow, decline in trade deficit and increase in net transfer.

Automobile traders, who opened the Letters of Credit before April 26, are now allowed to import vehicles, costing Rs 9 billion in foreign currency reserves.

KATHMANDU, March 13: Nepal’s worsening Balance of Payments (BoP) stood at Rs 247.03 billion in the first seventh month of the current fiscal year, which shows a declining pace in the country’s worsening external macroeconomic indicator compared to the previous months.

KATHMANDU, March 6: In a bid to check the outflow of foreign currencies through reduction in expenses on luxury items, Nepal Rastra Bank (NRB) has reduced the gold import quota.

KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.

KATHMANDU, Dec 16: Nepal’s balance of payments (BoP) further plunged to negative Rs 150.38 billion in the first four months of the current fiscal year, thanks to falling remittance earnings and widening trade deficit.

KATHMANDU, Sept 24: Nepal recorded a negative Balance of Payments (BoP) worth Rs 38.75 billion in the first month of the current fiscal year, exerting pressure on the foreign currency reserve held by the country.

KATHMANDU, July 16: Nepal’s balance of payments (BoP) turned negative in the last two years on soaring imports and a fall in the net inflow of foreign direct investment (FDI).

KATHMANDU, March 23: The government has lifted a ban on import of the luxury vehicles that had been in place since the government enforced a nationwide lockdown on March 24 last year.