Import of Gold by Nepal for first 6 months of Fiscal Year Source: Nepal Rastra Bank

Import of gold by Nepal reached to NPR 17.4 Billion in first six months of FY 2018/19 from NPR 14.7 Billion during preceding year. However, import of gold for the first six months of current fiscal year dropped to NPR 8 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.

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