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.