According to an April 12 report on the ‘Current Macro Economic and Financial Situation’ by Nepal Rastra Bank, the country’s forex reserves have plummeted by 18.5% to $9.58 billion in March from $11.75 billion in July 2021.
About:
Decline in foreign remittances are the main reason for the shortfall in forex reserves.
There is huge inflationary pressure on the Nepal economy due to the fall in global tourist flow and the energy crisis caused by Russia’s invasion of Ukraine.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
