On October, Nepal Rastra Bank has come up with its current macro-economic and financial situation of last two months. If you have been watching Nepal’s economic situation and do not have the time to read the full report, here is a 10-point catch-up on the latest situation. ·         Inflation stands at 8.64 percent ·         Imports decreased 13 percent, exports decreased 34.9 percent and trade deficit decreased 9.4 percent

·         Remittances increased 19.8 percent in NPR terms and 11.3 percent in USD terms

·         Balance of Payments remained at a deficit of Rs.23.68 billion. ·         Gross foreign exchange reserves stood at $ 9.35 billion. ·         Federal Government spending amounted to Rs.134.34 billion and revenue collection Rs.143.81 ·         The foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 9.0 months ·         Gross foreign exchange reserves decreased 2.2 percent to Rs.1189.16 billion in mid-September 2022 from Rs.1215.80 billion in mid-July 2022. ·         Number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 169.9 percent to 103,898 in the review period. ·         Broad money (M2) decreased 1.1 percent in the review period in contrast to an increase of 0.2 percent in the corresponding period of the previous year Based on two months data produced by Nepal Rastra Bank, ending mid-September 2022\23