Import of Gold by Nepal for first 7 months of Fiscal Year 2019/020. Source: Nepal Rastra Bank

Import of gold by Nepal reached to NPR 20.6 Billion in first seven months of FY 2018/19 from NPR 17.7 Billion during preceding year. However, import of gold for the first seven months of current fiscal year dropped to NPR 9.2 Billion bringing some relief to the government on trade deficit. This is one of the factors contributing to decline in external trade imbalance. People might have been recycling old gold to meet their demand.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.