The country's foreign exchange reserves have been continuously making records for the last 31 months (about 2 and a half years). As a continuation of the same, the foreign exchange reserves exceeded 24 billion rupees last March. Since imports and exports are increasing along with remittances and tourism and other sectors are improving, foreign exchange reserves have set a record every month for almost two and a half years.

The overall economic and financial report of last March released by the National Bank on Sunday showed that the foreign currency (exchange) reserves increased by 3 trillion 85 billion 74 crore rupees only in 9 months of the current financial year. Along with this, the country's total foreign exchange reserves have reached 24 trillion 26 billion 84 billion rupees as of last March. Compared to last June, foreign exchange reserves have increased by 18.9 percent till March. At the end of June 2081, the total foreign exchange reserves were 20 trillion 41 billion 10 million.

"Foreign exchange reserves in US dollars which were 15.27 billion US dollars last June increased by 15.4 percent to 17.63 billion US dollars," the National Bank said. National Bank claims that if nine months of imports are taken as a base, the country's total foreign exchange reserves will be sufficient to support 17.1 months of goods imports and 14.2 months of goods and services imports.

Economist and ex-executive director of Nepal Rastra Bank Nar Bahadur Thapa says that even though indicators such as foreign exchange reserves, current account, and remittances continue to strengthen, the economy is still at a standstill. "It is confirmed that there is a deadlock in the economy due to internal credit not increasing as expected, there is no significant fluctuation in inflation and the interest rate is under no pressure," he said. It belongs to all three levels of government," said Thapa, "The government is extracting money through various means including taxes and public loans. But he didn't spend it. In such a situation, the government should be able to end the stagnation of the economy by increasing spending. In such a situation, the government should encourage the private sector by sending more money to the market and make the economy viable, he said.

In the nine months of the current financial year (from July to March), 11 trillion 91 billion 31 crore remittances have entered the country through remittances. Compared to the same period of the last financial year, it has increased by 10 percent, according to the monthly report of the National Bank. Remittance inflows increased by 17.2 percent during the same period last year. Remittance inflow in US dollars increased by 7.3 percent to 8.74 billion. Last year, such inflows increased by 15.2 percent," said the monthly report of Rashtra Bank.

In the last nine months, the number of Nepalese who took the final work permit (institutional and individual-new) for foreign employment is 358 thousand 222 and the number of those who took the work permit again is 249 thousand 652. During the same period last year, such numbers were 3 lakh 27 thousand 842 and 2 lakh 11 thousand 226 respectively.

Last March the market price average (consumer inflation) was 3.39 percent. Such price increase was 4.61 percent in the same month last year. According to the monthly report of Rashtra Bank, the price increase rate of the food and beverage group was 2.45 percent and that of the non-food and service group was 3.90 percent during that period. 

Inflation for these groups was 5.22 and 4.20 percent respectively during the same period last year. Last March, the price increase rate of ghee and oil sub-group under the food and beverages group increased by 11.63 percent, fruits by 9.07 percent, pulses and pulses by 6.58 percent and non-alcoholic beverages by 5.16 percent. But the price increase rate of vegetables has decreased by 5.24 percent, maramsala by 2.32 and fish and meat by 0.89 percent, the report states.

Under the non-food and services group, the average price increase rate of various goods and services sub-groups has increased by 8.69 percent, clothing and footwear by 7.01 percent, alcoholic beverages by 6.07 percent, furnishings and household appliances by 5.59 percent, and tobacco products by 4.83 percent.

As of last March, the current account is in surplus by 2 trillion 10 billion 22 million. During the same period last year, the current account was in surplus by 1 trillion 79 billion 83 crores. As of last March, the current account balance is 3 trillion 46 billion 23 billion in surplus. During the same period last year, the balance sheet was in surplus by 3.65 billion 16 billion. "During 9 months of the current financial year, 8.96 billion foreign direct investment (equity only) has come in," the report said, "In the same period last year, such investment was 6.49 billion." 

In the 9 months of the current financial year, banks and financial institutions have collected deposits of 3 trillion 68 billion 47 crore rupees. This is an increase of 5.7 percent compared to the end of last June. Until March of last year, the deposit collection of banks and financial institutions increased by 4 trillion 9 billion 40 million (7.2 percent).