Foreign Reserves Rise

Against all odds, Nepal’s economy is showing signs of gradual recovery. A report on the current macroeconomic and financial status, published by the Nepal Rastra Bank (NRB) Tuesday, reveals that the external sector of the economy has improved significantly during the first six months of the current fiscal year 2023/24. Foreign currency reserves, balance of payments, current account and remittance inflows have picked up. This amply shows that measures taken to boost the slackening post-pandemic economy was pragmatic and satisfactory, busting all the rumours that the economy was heading to imminent collapse like that of Sri Lanka.