Balance of Payment at Rs 195 billion loss

25 Apr 2024

Balance of Payment at Rs 195 billion loss
KATHMANDU: The first five months of the current fiscal year has witnessed the balance of payment (BoP) at the loss of Rs 195 billion. However, in the same period of the last fiscal year, the BoP was on positive side with Rs 106.48 billion profit/savings. The data released by the central bank on current financial condition of the country on Thursday shows the current account of the five months also at a loss of Rs 300.39 billion. In the same period of the last year, the current account was at loss of only Rs 23 billion. Similarly, the foreign exchange reserve has also declined in the five month... Read More
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