{"id":19338,"date":"2025-03-13T17:41:25","date_gmt":"2025-03-13T11:56:25","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=19338"},"modified":"2025-03-13T17:41:25","modified_gmt":"2025-03-13T11:56:25","slug":"current-account-remains-at-surplus-in-seven-months-of-current-fy","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/current-account-remains-at-surplus-in-seven-months-of-current-fy\/","title":{"rendered":"Current account remains at surplus in seven months of current FY"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>Kathmandu, March 13: The current account remained at a surplus of Rs.166.80 billion in the review period compared to a surplus of Rs.162.52 billion in the same period of the previous year, Nepal Rastra Bank (NRB) stated in its &#8216;Current Macroeconomic and Financial Situation of Nepal (Based on Seven Months Data Ending Mid-February, 2024\/25) Report&#8217;.<\/p>\n<p>In the US Dollar terms, the current account registered a surplus of 1.24 billion in the review period against a surplus of 1.22 billion in the same period last year.<\/p>\n<p>In the review period, net capital transfer amounted to Rs.5.83 billion. In the same period of the previous year, such transfer amounted to Rs.3.80 billion.<\/p>\n<p>Similarly, in the review period, Rs.7.45 billion foreign direct investment (equity only) was received. In the same period of the previous year, foreign direct investment inflow (equity only) amounted to Rs.5.19 billion.<\/p>\n<p>Balance of Payments (BOP) remained at a surplus of Rs.284.41 billion in the review period compared to a surplus of Rs.297.72 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a surplus of 2.11 billion in the review period compared to a surplus of 2.24 billion in the same period of the previous year.<br \/>\nForeign Exchange Reserves<\/p>\n<p>Gross foreign exchange reserves increased 16.1 percent to Rs.2369.08 billion in mid-February 2025 from Rs.2041.10 billion in mid-July 2024. In the US dollar terms, the gross foreign exchange reserves increased 11.7 percent to 17.05 billion in mid-February 2025 from 15.27 billion in mid-July 2024.<\/p>\n<p>Of the total foreign exchange reserves, the reserves held by NRB increased 13.9 percent to Rs.2105.14 billion in mid-February 2025 from Rs.1848.55 billion in mid-July 2024.<br \/>\nReserves held by banks and financial institutions (except NRB) increased 37.1 percent to Rs.263.93 billion in mid-February 2025 from Rs.192.55 billion in mid-July 2024. The share of Indian currency in total reserves stood at 22.0 percent in mid-February 2025.<br \/>\nForeign Exchange Adequacy Indicators<\/p>\n<p>Based on the imports of seven months of 2024\/25, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 17.2 months, and merchandise and services imports of 14.4 months.<\/p>\n<p>The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 41.5 percent, 120.3 percent and 32.5 percent respectively in mid-February 2025. Such ratios were 35.8 percent, 108.6 percent and 29.3 percent respectively in mid-July 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu, March 13: The current account remained at a surplus of Rs.166.80 billion in the review period compared to a surplus of Rs.162.52 billion in the same period of the previous year, Nepal Rastra Bank (NRB) stated in its &#8216;Current Macroeconomic and Financial Situation of Nepal (Based on Seven Months Data Ending Mid-February, 2024\/25) Report&#8217;. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,1],"tags":[],"class_list":["post-19338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-main-news"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/19338"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=19338"}],"version-history":[{"count":1,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/19338\/revisions"}],"predecessor-version":[{"id":19339,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/19338\/revisions\/19339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/9644"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=19338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=19338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=19338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}