The balance of payments position refers to the difference between the amount of money going out of a country and the amount coming into the country. When the amount coming in is greater than the amount going out of the country, the balance of payments goes into surplus.
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In the five months of the current fiscal year, the balance of payments position has been in surplus by Rs. 421.89 billion, while in the same period of the last fiscal year, the balance of payments position was in surplus by Rs. 225.34 billion.
The balance of payments position indicates the difference between the amount leaving and entering the country. When the amount entering the country is more than the amount leaving the country, the balance of payments goes into surplus.
According to the five-month monthly report released by Nepal Rastra Bank, the balance of payments position in US dollars is in surplus by 2.98 billion. In the same period of the last fiscal year, the balance of payments position was in surplus by 1.68 billion.
The balance of payments position going into surplus also has a positive impact on foreign exchange reserves. Total foreign exchange reserves have increased by 19.6 percent. Total foreign exchange reserves have reached 3.2 trillion 1.47 billion by the end of Shrawan-Mansir.
According to the National Bank, as of mid-July 2082, it was 2677.68 billion rupees. In US dollars, such reserves were 19.5 billion in mid-July 2082.
This is an increase of 13.5 percent in mid-November of the current fiscal year. By mid-November of the current fiscal year, such reserves in US dollars have reached 22.13 billion.
