Nepal needs help with Forex Reserve

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The country has reached out to nationals living abroad to help solve part of the country’s economic woes.

Nepalese living abroad is asked to deposit funds in local banks to help ensure that the country has enough liquidity so that it could preserve foreign exchange reserves.

However, some key country analysts said that the country isn’t facing any issues economically.

The country’s tourist industry has been struggling to recover since COVID.

The country has also sought other means to rein in capital inflows.

Nepal’s foreign exchange reserves fell over 18 percent to 9.6 billion dollars as of last month.

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