LOCAL•12m ago
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16.4k views4 min read5h ago
Nepal's Rs 2.36 Trillion Remittance Inflow Masks Persistent Domestic 'Liquidity Trap'
Gross foreign exchange reserves surge to a historic $25.3 billion covering 20 months of imports, yet commercial banks sit on idle capital as private sector credit demand stagnates.
KEY TAKEAWAYS
- Annual remittance inflows reached an unprecedented Rs 2.36 trillion ($16.19B, up 37.1% YoY), surpassing the size of Nepal's entire national fiscal budget.
- Gross foreign exchange reserves hit a historic peak of $25.31 billion, sufficient to cushion over 20 months of merchandise imports.
- Commercial banks are flush with lendable funds as base rates decline below 8.3%, yet private sector credit expansion remains at multi-year lows.
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Nepal's Rs 2.36 Trillion Remittance Inflow Masks Persistent Domestic 'Liquidity Trap'
5h ago•16.4k views
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