As of last July, foreign exchange reserves have reached 28 trillion 6 billion 40 million.
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In July alone, 1 trillion 77 billion 41 crore rupees entered the country through remittances. It has increased by 29.9 percent compared to the same period last year. In July of last year, remittance inflow increased by 17.7 percent to 1 trillion 36 billion 600 million.
Last July, the remittance inflow in US dollars increased by 25 percent and reached 1 billion 27 billion . Last year, such flow increased by 15.8 percent.
During that period, the number of Nepalis who took the final work permit (institutional and individual-new) for foreign employment is 44 thousand 466 and the number of those who took the work permit again is 23 thousand 644 . In the same period last year, such numbers were 36 thousand 928 and 22 thousand 647 respectively.
Similarly, last July, the current account is in surplus of 78 billion 14 billion. During the same period last year, the current account was in surplus by 33 billion 80 million. According to Rasht Bank, the current account in US dollars was in surplus of 250 million during the same period of the previous year.
In the first month of the current fiscal year, the balance sheet is 89 billion 300 million in surplus. During the same period last year, the balance sheet was in surplus of 40 billion 900 million . ``In the same period of the previous year in US dollars, the current situation is in surplus of 310 million, but in the period under review, it is in surplus of 640 million,'' it is stated in the report of the National Bank of last July .
Similarly, as of last July, foreign exchange reserves have reached 28 trillion 6 billion 40 million . At the end of June 2008, such a reserve was equal to 26 trillion 77 billion 68 million . "Such reserves in US dollars were 19 billion 500 million at the end of June 2082 and increased by 2.7 percent to 20 billion 30 million at the end of July 2082," the report said.
Based on the import of the first month of the financial year 2082/83, the foreign exchange reserves of the banking sector are sufficient to support 20.4 months of goods imports and 16.6 months of goods and services imports. This year Rasht Bank has set a target of maintaining foreign exchange reserves that can cover 7 months of imports.
Similarly, last July, the annual point consumer price increase was 1.68 percent is . In the same month last year, such inflation was 4.09 percent. In the month under review, the inflation of food and beverages group was 2.28 percent and the inflation of non-food and services group was 3.95 percent . Inflation of these groups was 6.17 percent and 2.94 percent respectively during the same period last year.
In the month of the current financial year, under the food and beverages group, the annual point consumer price index of ghee and oil sub-group has increased by 10.97 percent, non-alcoholic beverages by 4.64 percent and fruits by 3.01 percent . The annual point consumer price index of vegetable sub-group decreased by 18.56, maramsala by 4.81 and fish and meat by 2.41 percent.
Similarly, under the non-food and service group, the annual point consumer price index of miscellaneous goods and services sub-group increased by 10.60, education by 7.67, clothing and footwear by 6.84, furnishings and household appliances by 5.06 and tobacco by 4.68 percent. However, during that period, the annual point consumer price index of insurance and financial services sub-group decreased by 0.22 percent, according to the National Bank.
