KATHMANDU: The country’s current account and balance of payment saw a surplus of Rs 120.9 billion by 13 May 2020.
It was revealed in the 10-month detail of the fiscal year made public by the Nepal Rastra Bank.
The balance of payment was only Rs 68.2 billion during the corresponding period last year.
According to the central bank, the balance of payment has witnessed a surplus by Rs 1.1 billion during the review period.
It may be noted that the balance of payment during the first 10 months last year was in deficit by Rs 600.2 million.
The central bank has also shared that the current account loss stood at Rs 105.7 billion in the current fiscal year.
The loss amount during the corresponding time last year was Rs 221.7 billion.
The capital transfer stood Rs 12 billion and 490 million while the foreign direct investment was Rs 17 billion and 420 million during the first 10 months of the current fiscal year.
As informed the capital transfer last year was Rs 13 billion and 480 million and foreign direct investment was Rs 9 billion and 470 million.
According to the bank, total foreign exchange reserve was worth equivalent to Rs 1,038 billion and 920 million up to 16 July 2019 and it rose by 18.9 percent and climbed to Rs 1235 billion and 250 million by 13 May 2020.
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