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