KATHMANDU, July 20: Nepal Rastra Bank (NRB) has tightened the dollar exchange service. With the move of the central bank, now the Nepali citizens who are going to travel abroad can only exchange USD 200.

KATHMANDU, April 17: Nepal is asking citizens living abroad to deposit funds in domestic banks as part of efforts to ensure the financial system has enough liquidity and to preserve foreign exchange reserves, finance finister Janardan Sharma said on Saturday.

KATHMANDU, August 29: Nepal’s balance of payments (BoP) registered a surplus of only Rs 1.23 billion in 2020/21, a straight fall from the surplus of Rs 282.41 billion in the previous year, mainly due to the soaring imports and slowdown in the net inflow of foreign direct investment (FDI).

Falling reserves

October 1, 2019 00:30 am

In county like ours whose economy is heavily dependent on imports, foreign exchange reserves should be adequate to sustain imports for at least eight months