Nepal also walking the path of Sri Lanka this time?

Nepal also walking the path of Sri Lanka this time? GETX24

Nepal also walking the path of Sri Lanka this time? GETX24
Sri lanka road

The last few decades have seen a severe economic crisis in Sri Lanka. They are not able to import daily necessities due to shortage of foreign currency. Anti-government protests are also taking place in the country. This time the economy of Nepal is also being compared with the economy of Sri Lanka. Because the country's foreign exchange reserves have decreased. To handle the situation, imports of cars, cosmetics, gold and other luxury items have been banned. The bank has also raised interest rates to reduce imports and increase reserves. News from the BBC.


The country's central bank governor has recently been removed. However, the government of the country is not willing to compare the state of the country's economy with the state of Sri Lanka's economy right now.
Tourism is Nepal's major source of foreign exchange. But due to the epidemic coronavirus, the number of tourists has decreased. Besides, remittances of expatriate Nepalis have also decreased. However, Nepal's finance minister Janardhan Sharma hopes the situation will return to normal. Because the number of coronavirus infections is decreasing, the number of tourists is increasing. At the same time, the rate of many Nepalis going to work abroad has increased.

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