Nepal’s Growing Outflow of Foreign Currency - myRepublica

Nepal’s Growing Outflow of Foreign Currency - myRepublica

Source: myRepublica

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DW NOTE

Nepal runs a structural trade deficit with no industrial base to close it. The foreign currency outflow isn't "growing" — it's what happens when you import fuel, electronics, and machinery while exporting pashmina and tourism. The only question is how long remittances from workers abroad can cover the gap before the central bank runs out of dollars to defend the peg.

Read the full story at myRepublica →