KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries.
Foreign currency exchange rates remain stable today, with the US Dollar at 134.06 rupees and the Euro at 147.89 rupees.
Meanwhile, the Kanchanjungha region is seeing a surge in tourist arrivals, with 65 foreign visitors in one day.
This increase is revitalizing the local economy, leading to the reopening of closed hotels and boosting optimism among tourism professionals, signaling a promising future for the area’s tourism sector.
Foreign currency exchange rates steady
The stability of foreign currency exchange rates today indicates a steady economic environment, reflecting consistent demand and supply dynamics in the market.
The Nepal Rastra Bank announced that exchange rates for foreign currencies remain unchanged today (Sunday).
The US Dollar, Euro, Dinar, and Pound are being traded at the same prices as yesterday, with the buying rate for one US Dollar at 134.06 rupees and the selling rate at 134.66 rupees.
The Euro’s buying rate is 147.89 rupees, and the selling rate is 148.56 rupees. For the Pound Sterling, the buying rate is 176.55 rupees, and the selling rate is 177.34 rupees.
Additionally, the Australian Dollar is set at a buying rate of 91.72 rupees and a selling rate of 92.13 rupees, while the Kuwaiti Dinar and Bahraini Dinar have buying rates of 438.12 and 355.48 rupees, respectively.
Tourists arrival up at Kanchanjungha base camp
The Kanchanjungha region is experiencing a significant uptick in both domestic and international tourist arrivals, creating a lively atmosphere at the base camp.
On a single day, 65 foreign tourists from various countries, including Spain, France, and the United States, visited the area, highlighting its growing appeal.
This influx has instilled hope among tourism professionals and local business owners; hotels that had previously closed are now reopening in response to the increased demand.
This trend not only revitalizes the local economy but also underscores a promising future for tourism in Kanchanjungha, as the vibrant influx of visitors fosters community resilience and economic growth.
(Prepared by Srija Khanal)
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