Current Macroeconomic Situation

(Based on First Four Months' Data of 2007/08)

Statistical Tables

1 Monetary Survey
2 Monetary Authorities' Account
3 Factors Affecting Reserve Money
4 Condensed Assets and Liabilities of Commercial Banks
5 Stock Market Indicators
6 Public Issue Approval
7 Listed Companies and their Market Capitalization
8 Share Market Activities and Turnover Details
9 National Urban Consumer Price Index
10 Core CPI Inflation
11 National Urban Consumer Price Index (Monthly Series)
12 National Wholesale Price Index
13 National Wholesale Price Index (Monthly Series)
14 National Salary and Wage Rate Index
15 Government Budgetary Operation
16 Outstanding Domestic Debt of the GON
17 Direction of Foreign Trade
18 Export of Major Commodities to India
19 Export of Major Commodities to Other Countries
20 Import of Selected Commodities from India
21 Import of Selected Commodities from Other Countries
22 Summary of Balance of Payments Presentation
23 Gross Foreign Exchange Holdings of the Banking Sector
24 Gross Foreign Exchange Holdings of the Banking Sector in US$ Terms
25 Exchange Rate of US Dollar
26 Price of Gold and Oil in the International Market
 Table 1
MONETARY SURVEY
Rs in million
Changes in the First Four Months of
Monetary Aggregates 2006 2006 2007 2007 2006/07 2007/08
Jul Nov Jul (p) Nov (e) Amount % Amount %

1. Foreign Assets, Net 139439.2 136895.2 131889.1 128335.2 180.9 1/ 0.1 -3614.3 2/ -2.7

1.1. Foreign Assets 166101.7 165100.3 165693.1 163696.6 -1001.3 -0.6 -1996.5 -1.2
1.2 Foreign Currency Deposits 25088.1 26611.4 28247.2 28697.2 1523.2 6.1 449.9 1.6

1.3 Other Foreign Liabilities 1574.4 1593.8 5556.8 6664.3 19.4 1.2 1107.5 19.9

2. Net Domestic Assets 207384.8 220416.1 263431.5 295891.5 10306.3 1/ 5.0 32520.4 2/ 12.3

2.1. Domestic Credit 322683.8 330914.0 360558.1 389706.6 8230.2 2.6 29148.5 8.1

Domestic Credit* 322683.8 333783.3 360558.1 389706.6 11099.5 3.4 29148.5 8.1

a. Net Claims on Govt. 70970.6 67911.4 78343.6 82048.4 -3059.2 -4.3 3704.8 4.7

i. Claims on Govt. 70970.6 72149.9 81466.2 84148.4 1179.3 1.7 2682.2 3.3

ii. Govt. Deposits 0.0 4238.5 3122.5 2100.0 4238.5 -1022.6 -31.4

b. Claims on Non-Financial Govt. Ent. 4560.9 5165.6 5114.9 4624.3 604.7 13.3 -490.5 -9.6

c. Claims on Financial Institutions 3581.9 4287.7 3622.2 6727.0 705.8 19.7 3104.8 85.7

i. Government 1808.3 1838.9 1713.0 1655.0 30.6 1.7 -57.9 -3.4

ii. Non-government 1773.6 2448.8 1909.2 5071.9 675.1 38.1 3162.7 165.7

d. Claims on Private Sector 243570.4 253549.3 273477.4 296306.9 9978.9 4.1 22829.5 8.3

Claims on Private Sector* 243570.4 256418.6 273477.4 296306.9 12848.2 5.3 22829.5 8.3
2.2. Net Non-monetary Liabilities 115298.9 110497.9 97126.6 93815.1 -2076.1 1/ -1.8 -3371.9 2/ -3.5

Net Non-monetary Liabilities* 115298.9 113367.2 97126.6 93815.1 793.2 0.7 -3371.9 -3.5

3. Broad Money (M2) 346824.0 357311.2 395320.5 424226.7 10487.2 3.0 28906.1 7.3

3.1. Money Supply (M1) 113060.7 113625.2 126690.3 131607.5 564.5 0.5 4917.2 3.9

a. Currency 77780.4 78605.7 83515.8 89916.7 825.3 1.1 6400.8 7.7

b. Demand Deposits 35280.3 35019.5 43174.3 41690.7 -260.9 -0.7 -1483.6 -3.4

3.2. Time Deposits 233763.3 243686.0 268630.2 292619.2 9922.7 4.2 23988.9 8.9

4. Broad Money Liquidity (M3) 371912.2 383922.6 423567.8 452923.8 12010.4 3.2 29356.1 6.9

Reserve Money 110898.1 112024.4 119342.4 122346.5 1126.4 1.0 3004.0 2.5

Money Multiplier (M1) 1.0 1.0 1.1 1.1 0.0 -0.5 0.0 1.3

Money Multiplier (M2) 3.1 3.2 3.3 3.5 0.1 2.0 0.2 4.7

1/ Adjusting the exchange valuation loss of Rs. 2724.92 million.

2/ Adjusting the exchange valuation gain of Rs 60.39 million.
*Adjusting credit write-off of Rs 2869.3 million (Rs 821.7 million principal and Rs 2047.6 million interest) as at Oct-2006 by Nepal
Bank Ltd.

p= provisional, e = estimates.
 Table 2
MONETARY AUTHORITIES' ACCOUNT
Rs in million
Changes in the First Four Months of
2006 2006 2007 2007 2006/07 2007/08
Jul Nov Jul (p) Nov (e) Amount % Amount %
1. Foreign Assets 133036.3 130443.8 130193.5 125912.1 -2592.5 -1.9 -4281.4 -3.3
1.1 Gold 405.0 0.0 0.0 0.0 -405 -100 0 -
1.2 SDR Holdings 663.7 648.1 587.5 578.2 -15.6 -2.4 -9.3 -1.6
1.3 Reserve Position in the Fund 0.0 0.0 0.0 0.0 0.0 0.0
1.4 Foreign Exchange 131967.6 129795.7 129606.0 125333.9 -2171.8 -1.6 -4272.1 -3.3
2. Claims on Government 12108.7 15680.9 15616.2 21644.2 3572.2 29.5 6028.0 38.6
2.1 Treasury Bills 9209.3 13852.5 13749.5 19763.5 4643.2 50.4 6014.0 43.7
2.2 Development Bonds 1518.6 1518.6 1518.6 1518.6 0.0 0.0 0.0 0.0
2.3 Other Govt. Papers 309.7 309.7 348.1 362.0 0.0 0.0 14.0 4.0
2.4 Loans and Advances 1071.0 0.0 0.0 0.0 -1071.0 -100.0 0.0 -
3. Claims on Non-Financial Govt. Ent. 8.5 8.5 8.5 8.5 0.0 0.0 0.0 0.0
4. Claims on Financial Institutions 1038.5 1000.6 696.9 619.4 -37.8 -3.6 -77.5 -11.1
4.1 Government 979.2 961.6 657.9 580.4 -17.6 -1.8 -77.5 -11.8
4.2 Non-government 59.3 39.0 39.0 39.0 -20.3 -34.2 0.0 0.0
5. Claims on Banks 329.2 2389.6 1870.8 2565.8 2060.4 626.0 695.0 37.1
5.1 Refinance 329.2 288.1 80.8 50.8 -41.1 -12.5 -30.0 -37.1
5.2 Repo Lending 0.0 2101.5 1790.0 2515.0 2101.5 - 725.0
6. Claims on Private Sector 3208.5 3037.3 8116.8 7191.3 -171.2 -5.3 -925.5 -11.4
7. Other Assets 18244.8 18201.8 17706.5 16145.0 -43.0 -0.2 -1561.6 -8.8
Assets = Liabilities 167974.4 170762.5 174209.1 174086.2 2788.1 1.7 -123.0 -0.1
8. Reserve Money 110898.1 112024.4 119342.4 122346.5 1126.4 1.0 3004.0 2.5
8.1 Currency Outside Banks 77780.4 78605.7 83515.8 89916.7 825.3 1.1 6400.8 7.7
8.2 Currency Held by Commercial Banks 6054.4 5804.9 7359.8 7680.5 -249.5 -4.1 320.8 4.4
8.3 Deposits of Commercial Banks 22907.3 23401.2 22868.3 19645.4 493.9 2.2 -3223.0 -14.1
8.4 Other Deposits 4155.9 4212.6 5598.5 5103.9 56.7 1.4 -494.6 -8.8
9. Govt. Deposits 0.0 4238.5 3122.5 2100.0 4238.5 -1023
10. Foreign Liabilities 1566.6 1540.4 3928.3 5028.9 -26.2 -1.7 1100.6 28.0
10.1 Foreign Deposits 9.9 10.6 12.3 30.8 0.7 6.9 18.5 150.1
10.2 PRGF 1556.7 1529.8 3916.0 4998.1 -26.9 -1.7 1082.1 27.6
11. Capital and Reserve 36261.4 31852.1 22857.7 22724.8 -4409.3 -12.2 -132.8 -0.6
12. Other Liabilities 19248.3 21107.0 24958.2 21885.9 1858.8 9.7 -3072.2 -12.5

NFA 131469.6 128903.4 126265.1 120883.1 246.7 1/ 0.2 -5371.2 2/ -4.3

NDA -20571.6 -16878.9 -6922.7 1463.4 879.7 1/ -4.3 8375.2 2/ -121.0
Other Items, net 37264.9 34757.4 30109.3 28465.8 305.4 1/ 0.8 -1632.7 2/ -5.6
1/ Adjusting the exchange valuation loss of Rs. 2812.92 million.
2/ Adjusting the exchange valuation loss of Rs. 10.79 million.
p= provisional, e = estimates.
 Table 3
FACTORS AFFECTING RESERVE MONEY
Rs in million
Changes in the first four months of
Mid-July '06 Mid-Nov '06 Mid-July '07 Mid-Nov '07
2006/07 2007/08
Heads
Amount Percent Amount Percent

1. Net Foreign Assets 131469.6 128903.4 126265.1 120883.1 246.7 1/ 0.2 -5371.2 2/ -4.3
a. Foreign Assets 133036.3 130443.8 130193.5 125912.1 -2592.5 -1.9 -4281.4 -3.3
b. Foreign Liabilities 1566.6 1540.4 3928.3 5028.9 -26.2 -1.7 1100.6 28.0
2. Net Domestic Assets -20571.6 -16878.9 -6922.9 1463.4 879.7 1/ -4.3 8375.4 2/ -121.0
2.1 Domestic Credit 16693.3 17878.4 23186.4 29887.6 1185.1 7.1 6701.1 28.9
a. Claims on Govt.,Net 12108.7 11442.4 12493.6 19502.6 -666.3 -5.5 7009.0 56.1
Claims on Govt. 12108.7 15680.9 15616.2 21644.2 3572.2 29.5 6028.0 38.6
Govt. Deposits 0.0 4238.5 3122.5 2141.6 4238.5 - -981.0 -31.4
b. Claims on Govt. Ent. 987.7 970.1 666.2 588.9 -17.6 -1.8 -77.3 -11.6
c. Claims on Non-Gov Fin.Ent 59.3 39.0 39.0 39.0 -20.3 -34.2 0.0 0.0
d. Claims on Banks 329.2 2389.6 1870.8 2565.8 2060.4 626.0 695.0 37.1
e. Claims on Pvt. Sector 3208.5 3037.3 8116.8 7191.3 -171.2 -5.3 -925.5 -11.4
2.2 Other Items, Net 37264.9 34757.4 30109.3 28424.2 305.4 1/ 0.8 -1674.3 2/ -5.6
3. Reserve Money 110898.0 112024.4 119342.3 122346.5 1126.4 1.0 3004.3 2.5
a. Currency Outside NRB 83834.9 84410.6 90875.6 97597.2 575.8 0.7 6721.6 7.4
b. Deposits of Com. Banks 22907.3 23401.2 22868.3 19645.4 493.9 2.2 -3223.0 -14.1
c. Other Deposits 4155.9 4212.6 5598.5 5103.9 56.7 1.4 -494.6 -8.8

1 Adjusting the exchange valuation loss of Rs 2812.92 million

2. Adjusting the exchange valuation loss of Rs 10.79 million
 Table 4
CONDENSED ASSETS AND LIABILITIES OF COMMERCIAL BANKS
Rs in million
Changes in the First Four Months of
2006 2006 2007 2007 2006/07 2007/08
Jul Nov Jul (p) Nov (e) Amount % Amount %
1. Total Deposits 289975.9 301104.3 334453.3 357903.2 11128.4 3.8 23449.9 7.0
1.1. Demand Deposits 35716.1 35803.9 42692.2 42766.4 87.7 0.2 74.2 0.2
a. Domestic Deposits 31124.4 30806.9 37575.8 36586.8 -317.5 -1.0 -989.0 -2.6
b. Foreign Deposits 4591.7 4997.0 5116.4 6179.6 405.3 8.8 1063.2 20.8
1.2. Saving Deposits 151710.7 157890.5 174633.9 187489.4 6179.8 4.1 12855.6 7.4
a. Domestic Deposits 145776.8 151379.9 168320.4 180725.4 5603.1 3.8 12405.0 7.4
b. Foreign Deposits 5934.0 6510.6 6313.5 6764.1 576.7 9.7 450.6 7.1
1.3. Fixed Deposits 100068.2 104914.9 114032.5 124514.7 4846.7 4.8 10482.3 9.2
a. Domestic Deposits 85505.7 89811.1 97215.1 108761.2 4305.4 5.0 11546.1 11.9
b. Foreign Deposits 14562.5 15103.8 16817.3 15753.5 541.3 3.7 -1063.9 -6.3
1.4. Margin Deposits 2480.9 2495.0 3094.7 3132.6 14.1 0.6 37.8 1.2
2. Borrowings from Rastra Bank 329.2 2389.6 1870.8 2565.8 2060.4 626.0 695.0 37.1
3. Foreign Liabilities 7.7 53.4 1628.5 1635.4 45.7 593 6.9 0.4
4. Other Liabilities 105652.3 112942.4 101782.9 111289.2 7290.1 6.9 9506.3 9.3
4.1 Paid-up Capital 17049.7 17260.5 20017.1 22741.0 210.8 1.2 2723.9 13.6
4.2 General Reserves 9746.2 12308.3 4330.7 6724.0 2562.1 26.3 2393.3 55.3
4.3 Other Liabilities 78856.3 83373.6 77435.1 81824.2 4517.2 5.7 4389.1 5.7
5. Assets = Liabilities 395965.1 416489.6 439735.4 473393.5 20524.6 5.2 33658.1 7.7
6. Liquid Funds 61817.3 63511.3 65200.9 66305.2 1694.0 2.7 1104.2 1.7
6.1. Cash in Hand 6054.4 5804.9 7359.8 7680.5 -249.5 -4.1 320.8 4.4
6.2. Balance with Rastra Bank 22907.3 23401.2 22868.3 19645.4 493.9 2.2 -3223.0 -14.1
6.3. Foreign Currency in Hand 399.2 399.2 454.0 536.0 0.0 0.0 82.0 18.1
6.4. Balance Held Abroad 31401.9 32732.1 33933.0 35849.9 1330.3 4.2 1916.9 5.6
6.5. Cash in Transit 1054.5 1173.9 585.8 2593.4 119.4 11.3 2007.5 342.7
7. Loans and Advances 307583.9 316950.3 340354.9 363742.6 9366.4 3.0 23387.7 6.9
Loans and Advances* 307583.9 319819.6 340354.9 363742.6 12235.7 4.0 23387.7 6.9
7.1. Claims on Government 58861.9 56469.0 65850.0 62504.2 -2392.9 -4.1 -3345.8 -5.1
7.2. Claims on Non-Financial Govt. Ent. 4552.4 5157.1 5106.4 4615.8 604.7 13.3 -490.5 -9.6
7.3. Claims on Financial Ent. 2543.5 3287.1 2925.3 6107.6 743.6 29.2 3182.3 108.8
a. Government 829.1 877.3 1055.1 1074.7 48.2 19.6 1.9
b. Non Government 1714.4 2409.8 1870.2 5032.9 695.4 3162.7 169.1
7.4 Claims on Private Sector 240361.9 250512.0 265360.6 289115.6 10150.1 4.2 23755.0 9.0
Claims on Private Sector* 240361.9 253381.3 265360.6 289115.6 13019.4 5.4 23755.0 9.0
a. Principal 198215.2 209825.1 231949.1 254597.1 11609.9 5.9 22648.0 9.8
b. Interest Accrued 42146.6 40686.9 33411.5 34518.6 -1459.7 -3.5 1107.0 3.3
7.5. Foreign Bills Purchased & Discounted 1264.3 1525.2 1112.6 1398.6 260.8 20.6 286.0 25.7
8. Other Assets 26563.8 36028.0 34179.7 43346.5 9464.2 35.6 9166.8 26.8

Credit Deposit Ratio 85.8 86.5 82.1 84.2

Liquidity Deposit Ratio 41.6 39.8 39.2 36.0
NFA 7969.6 7991.8 5624.0 7452.0 -65.8 1/ -0.8 1756.9 2/ 31.2
NDA 256918.2 266501.1 300582.2 321754.0 9671.0 1/ 3.8 21243.0 2/ 7.1
Other Items, net 78034.0 75740.5 67017.3 65349.3 -2381.5 1/ -3.1 -1739.2 2/ -2.6
Total Domestic Deposit 264887.8 274492.9 306206.1 329206.0 9605.1 3.6 22999.9 7.5
Total Foreign Deposits 25088.1 26611.4 28247.2 28697.2 1523.2 6.1 449.9 1.6
1/ Adjusting the exchange valuation gain of Rs. 88 million.
2/ Adjusting the exchange valuation gain of Rs 71.18 million
*Adjusting credit write-off of Rs 2869.3 million (Rs 821.7 million principal and Rs 2047.6 million interest) as at Oct-2006 by Nepal Bank
Ltd.
p= provisional, e = estimates.
 Table 5
STOCK MARKET INDICATORS

Mid-November % Change
Particulars 2005 2006 2007
2 Over 1 3 Over 2
1 2 3
NEPSE Index (Closing)* 302.4 447.4 915.4 48.0 104.6
NEPSE Sensitive Index (Closing)** - - 239.8 - -
Banking Sub-Index 326.1 508.2 988.4 - 94.5
Market Capitalization (Rs. Million) 69169.4 113080.7 287482.0 63.5 154.2
Total Paid up Value of Listed Shares
(Rs. Million) 17459.0 20511.0 23834.0 17.5 16.2
Number of Listed Companies 125.0 139.0 141.0 - -
Market Days 17.0 18.0 14.0 - -
Number of Companies Traded 76.0 81.0 81.0 - -
Number of Transactions 4750.0 9635.0 4507.0 102.8 -53.2
Monthly Turnover:
Number of Shares ('000) 476.6 1365.0 946.6 186.4 -30.7
Amount (Rs.Million) 175.6 711.8 921.0 305.4 29.4
Ratio of Monthly Turnover to Market
Capitalization (%) 0.3 0.6 0.3 - -
Ratio of Market Capitalization to
GDP(%) 10.7 15.7 36.2 - -
Twelve Months Rolling Standard
Deviation 22.7 43.6 155.2 - -

GDP at Current Price ( Rs. Million) 646469.0 719476.0 793718.0 - -

* Base: February 12, 1994

** Base: July 16, 2006
GDP for 2007 is projected taking 4.5 percent estimated growth rate and 5.5 percent inflation into account

Table 6
PUBLIC ISSUE APPROVAL
Types of Amount
Name of Issuing Company Permission Date
Securities Issued (Rs. in million)
Ordinary Shares
Lumbini General Insurance Ordinary Share 25.00 29/07/2007
Co.Ltd. (2064/4/13)
Siddhartha Insurance Ltd. Ordinary Share 25.00 12/08/2007
(2064/4/27)
Seti Bittiya Sanstha Ltd. Ordinary Share 4.90 23/09/2007
(2064/6/6)
Infrastructure Development Bank Ordinary Share 24.00 3/10/2007
Ltd. (2064/6/16)
Agriculture Development Bank Ordinary Share 125.00 4/10/2007
Ltd.* (2064/6/17)
Kuber Merchant Banking and Ordinary Share 22.50 9/10/2007
Finance Ltd. (2064/6/22)
Prabhu Finance Company Ordinary Share 48.00 14/10/2007
Limited (2064/6/27)
Ordinary Shares Total 274.40
Right Shares
Central Finance Company Ltd. Right Share 24.00 3/08/2007
(2064/4/18)
Nirdhan Uttan Bank Ltd. Right Share 39.52 26/09/2007
(2064/6/9)
Nepal Share Markets and Finance Right Share 240.00 28/09/2007
Ltd. (2064/6/11)
IME Financial Institution Ltd. Right Share 50.00 31/10/2007
(2064/7/14)
Paschimanchal Development Right Share 47.50 4/11/2007
Bank Ltd. (2064/7/18)
Bhrikuti Bikash Bank Ltd.  Right Share 30.03 12/11/2007
(2064/7/26)
Capital Merchant Banking & Right Share 161.00 12/11/2007
Finance Ltd. (2064/7/26)
Right Shares Total 592.05
Grand Total 866.45

* Ordinary Share for its existing sharholders of Group B

 Table 7
LISTED COMPANIES AND THEIR MARKET CAPITALIZATION

Number of Listed Companies Market Capitalization of Listed Companies (Rs in million)

Mid November Mid November
Particulars 2005 2006 2007 % Change
2005 2006 2007 1 2 3 4 5 6 3 Over 5 Over
Total Share % Total Share % Total Share % 1 3
Total 125 139 141 69169.37 100.00 113080.66 100.00 287482.01 100.00 63.5 154.2
Financial Institutions 79 92 106 56455.81 81.62 93487.06 82.67 250152.61 87.02 65.6 167.6
Commercial Banks 14 15 15 47560.55 68.76 80522.90 71.21 206078.93 71.68 69.3 155.9
Development Banks 7 10 20 1000.09 1.45 2150.89 1.90 15837.21 5.51 115.1 636.3
Finance Companies 44 52 55 3885.82 5.62 5562.42 4.92 18459.91 6.42 43.1 231.9
Insurance Companies 14 15 16 4009.35 5.80 5250.85 4.64 9776.56 3.40 31.0 86.2
Manufacturing & Processing Entities 29 29 21 5275.99 7.63 5718.81 5.06 6227.71 2.17 8.4 8.9
Hotels 4 4 4 2298.38 3.32 2347.80 2.08 3625.89 1.26 2.2 54.4
Trading Entities 8 8 5 668.64 0.97 772.67 0.68 831.97 0.29 15.6 7.7
Others 3 3 2 4470.55 6.46 10754.32 9.51 24.71 0.01 140.6 -99.8
Hydro Power Companies 2 3 3 - - - - 26619.12 9.26 - -
 Table 8
SHARE MARKET ACTIVITIES

INDEX
Mid November
2005 2006 2007 % change
Group
Closing High Low Closing High Low Closing

1 2 3 4 5 6 7 4 over 1 7 over 4

Commercial Banks 326.1 522.45 447.90 508.20 988.39 928.06 988.39 55.8 94.5
Development Banks 223.7 380.90 320.95 380.90 1203.6 965.74 1203.6 70.3 216.0
Insurance Companies 323.7 404.45 390.54 404.24 743.33 711.35 742.92 24.9 83.8
Finance Companies 235.0 280.71 274.31 280.71 766.02 662.03 766.02 19.4 172.9
Manufacturing & Processing 290.3 317.22 313.68 314.69 350.19 350.19 350.19 8.4 11.3
Hotel 177.2 181.04 179.03 181.04 281.14 279.6 279.6 2.1 54.4
Trading 129.6 149.71 149.66 149.71 162.32 162.03 162.32 15.6 8.4
Others 338.3 554.28 429.27 550.55 818.12 818.12 818.12 62.8 48.6
Hydro Power 1375.52 1311.91 1362.69
NEPSE Overall Index* 302.39 448.69 398.14 447.43 915.38 858.06 915.38 48.0 104.6
NEPSE Sensitive Index** 239.82 224.77 239.82

TURNOVER DETAILS
Mid November % Change
2005 2006 2007
Share Unit Share Amount
Share Units Rs in % Share of Share Units Rs in % Share of Share Units Rs % Share of
Particulars ('000) million Value ('000) million Value ('000) in million Value

1 2 3 4 5 6 7 8 9 4 over 1 7over 4 5 over 2 8 over 5

Total 476.63 175.44 100.0 1364.99 711.76 100.0 946.62 921.02 100 186.4 -30.7 305.7 29.4
Commercial Banks 328.51 140.91 80.3 936.52 563.84 61.22 459.38 549.99 59.72 185.1 -50.9 300.1 -2.5
Development Banks 3.82 0.50 0.3 33.13 8.95 0.97 173.16 197.49 21.44 767.3 422.7 1690.0 2106.6
Insurance Companies 9.62 2.18 17.8 76.23 17.19 1.87 3.98 3.08 0.33 692.4 -94.8 688.5 -82.1
Finance Companies 132.42 31.28 0.2 200.94 59.50 6.46 105.56 108.82 11.82 51.7 -47.5 90.2 82.9
Manufacturing & Processing 0.71 0.30 0.2 1.02 2.79 0.30 0 0 0.00 43.7 -100.0 830.0
Hotel 1.09 0.04 0.0 5.70 0.32 0.03 8.89 1.01 0.11 422.9 56.0 700.0 215.6
Trading 0.01 0.02 0.0 0.01 0.00 0.00 0.67 1.67 0.18 0.0 6600.0
Others 0.45 0.21 0.1 111.44 59.17 6.42 194.98 58.96 6.40 24664.4 75.0 28076.2 -0.4
* Base: February 12, 1994

** Base; July 16, 2006

 Table 9
NATIONAL URBAN CONSUMER PRICE INDEX
(1995/96 = 100)

Weight 2005/06 2006/07 2007/08P % Change

Groups & Sub-Groups % Oct/Nov Sep/Oct Oct/Nov Aug/Sep Sep/Oct Oct/Nov Column 5 Column 5 Column 8 Column 8
1 2 3 4 5 6 7 8 Over 3 Over 4 Over 5 Over 7

1. OVERALL INDEX 100.00 174.5 186.9 186.9 197.8 198.7 198.7 7.1 0.0 6.3 0.0

1.1. FOOD & BEVERAGES 53.20 169.3 181.9 181.2 197.4 199.2 196.4 7.0 -0.4 8.4 -1.4

Grains and Cereal Products 18.00 165.6 173.4 174.0 188.9 192.8 193.8 5.1 0.3 11.4 0.5
Rice and Rice Products (14.16) 167.0 168.1 167.9 184.1 188.8 189.8 0.5 -0.1 13.0 0.5
Pulses 2.73 143.6 173.2 173.9 199.9 198.5 198.4 21.1 0.4 14.1 -0.1
Vegetables and Fruits 7.89 177.9 204.2 195.8 236.4 240.4 214.5 10.1 -4.1 9.6 -10.8
Spices 1.85 144.3 176.9 182.8 189.9 189.9 188.8 26.7 3.3 3.3 -0.6
Meat, Fish and Eggs 5.21 170.7 183.3 182.8 193.8 193.1 195.6 7.1 -0.3 7.0 1.3
Milk and Milk Products 4.05 156.9 169.8 170.0 182.0 179.8 179.9 8.3 0.1 5.8 0.1
Oil and Ghee 3.07 147.2 149.8 149.8 167.5 169.0 172.0 1.8 0.0 14.8 1.8
Sugar and Related Products 1.21 163.6 163.0 162.4 133.9 133.0 133.1 -0.7 -0.4 -18.0 0.1
Beverages 2.28 178.5 186.1 189.7 190.2 190.5 191.1 6.3 1.9 0.7 0.3
Restaurant Meals 6.91 202.8 208.5 209.0 217.1 217.3 218.5 3.1 0.2 4.5 0.6

1.2. NON-FOOD & SERVICES 46.80 180.5 192.7 193.4 198.1 198.2 201.4 7.1 0.4 4.1 1.6

Cloth, Clothing & Sewing Services 8.92 145.1 147.5 148.4 150.5 150.9 151.3 2.3 0.6 2.0 0.3
Cloths (2.28) 133.5 136.0 136.6 135.1 135.3 135.3 2.3 0.4 -1.0 0.0
Clothings (5.75) 144.4 146.3 147.5 149.6 150.4 150.9 2.1 0.8 2.3 0.3
Footwear 2.20 137.4 140.0 140.6 149.5 149.5 150.7 2.3 0.4 7.2 0.8
Housing goods and Services 14.87 194.7 213.6 214.3 218.9 218.9 225.8 10.1 0.3 5.4 3.2
Fuel, Light and Water (5.92) 264.7 301.0 301.2 304.5 304.5 320.3 13.8 0.1 6.3 5.2
Transport and Communication 4.03 218.4 254.6 254.7 253.3 253.3 254.6 16.6 0.0 0.0 0.5
Medical and Personal Care 8.03 175.9 179.4 179.8 186.5 186.5 189.0 2.2 0.2 5.1 1.3
Education, Reading and Recreation 7.09 199.8 211.1 212.0 219.8 219.7 219.9 6.1 0.4 3.7 0.1
Tobacco and Related Products 1.66 162.7 172.7 173.1 178.2 178.2 186.1 6.4 0.2 7.5 4.4
Petroleum Product 2.71 379.2 449.0 449.0 449.1 449.1 488.2 18.4 0.0 8.7 8.7
Non-Petroleum Product 97.29 169.0 179.8 179.8 190.9 192.0 190.9 6.4 0.0 6.2 -0.6
Urban Consumer Price Index : Kathmandu Valley
Overall Index 100.00 167.5 178.6 178.5 188.3 189.5 189.4 6.6 -0.1 6.1 -0.1
Food & Beverages 51.53 161.6 172.6 171.3 186.3 188.6 185.2 6.0 -0.8 8.1 -1.8
Non-Food & Services 48.47 173.9 185.0 186.2 190.5 190.4 193.9 7.1 0.6 4.1 1.8
Domestic Goods 81.26 163.7 174.2 173.9 183.9 185.5 183.8 6.2 -0.2 5.7 -0.9
Imported Goods 18.74 183.9 197.7 198.6 207.6 206.7 213.7 8.0 0.5 7.6 3.4
Tradable Goods 68.86 164.5 175.4 175.5 186.9 188.3 188.5 6.7 0.1 7.4 0.1
Non-Tradable Goods 31.14 174.2 185.8 185.2 191.5 192.1 191.5 6.3 -0.3 3.4 -0.3
Govt. Controlled Goods 17.03 199.3 221.7 221.7 227.4 225.4 233.0 11.2 0.0 5.1 3.4
Non-Controlled Goods 82.97 161.0 169.8 169.6 180.3 182.1 180.5 5.3 -0.1 6.4 -0.9
Petroleum Product 3.04 360.1 418.3 418.3 418.3 418.3 456.5 16.2 0.0 9.1 9.1
Non-Petroleum Product 96.96 161.5 171.1 171.0 181.1 182.3 181.0 5.9 -0.1 5.8 -0.7
Urban Consumer Price Index : Terai
Overall Index 100.00 178.3 191.3 191.4 202.7 203.8 204.1 7.3 0.1 6.6 0.1
Food & Beverages 54.98 173.3 186.3 186.1 202.7 204.6 202.2 7.4 -0.1 8.7 -1.2
Non-Food & Services 45.02 184.3 197.4 197.8 202.7 202.9 206.4 7.3 0.2 4.3 1.7
Petroleum Product 2.54 380.6 451.6 451.5 451.7 451.7 492.1 18.6 0.0 9.0 8.9
Non-Petroleum Product 97.46 173.0 184.5 184.6 196.2 197.4 196.6 6.7 0.1 6.5 -0.4
Urban Consumer Price Index : Hills
Overall Index 100.00 175.9 188.7 188.6 199.9 200.3 199.4 7.2 -0.1 5.7 -0.4
Food & Beverages 53.04 171.4 185.0 184.2 201.6 202.2 198.9 7.5 -0.4 8.0 -1.6
Non-Food & Services 46.96 181.1 193.0 193.5 198.0 198.0 200.0 6.8 0.3 3.4 1.0
Petroleum Product 2.33 406.7 492.7 492.7 492.6 492.6 530.0 21.1 0.0 7.6 7.6
Non-Petroleum Product 97.67 170.4 181.5 181.3 192.9 193.3 191.5 6.4 -0.1 5.6 -0.9
P = Provisional.
 Table 10
CORE CPI INFLATION**
(1995/96 = 100)

Weight Revised 2005/06 2006/07 2007/08P % Change

Group & Sub-Groups
% Weight Oct/Nov Oct/Nov Oct/Nov 2006/07 2007/08P
OVERALL (Adjusted) 100.00 100.00 165.7 176.2 184.8 6.4 4.9

FOOD AND BEVERAGES (Adjusted) 53.20 45.53 168.8 184.2 194.7 9.1 5.7

Grains and Cereal Products

Rice and Rice Products 14.16 0.00 167.0 167.9 189.8 0.5 13.0
Wheat and Wheat Flour 1.79 2.62 178.3 228.5 239.8 28.2 4.9
Other Grains and Cereal Products 2.05 3.00 145.3 167.0 177.0 14.9 6.0
Pulses 2.73 3.99 143.6 173.9 198.4 21.1 14.1
Vegetables and Fruits 7.89 0.00 177.9 195.8 214.5 10.1 9.6
Spices 1.85 2.70 144.3 182.8 188.8 26.7 3.3
Meat, Fish and Eggs 5.21 7.61 170.7 182.8 195.6 7.1 7.0
Milk and Milk Products 4.05 5.92 156.9 170.0 179.9 8.3 5.8
Oil and Ghee 3.07 4.49 147.2 149.8 172.0 1.8 14.8
Sugar and Related Products 1.21 1.77 163.6 162.4 133.1 -0.7 -18.0
Beverages 2.28 3.33 178.5 189.7 191.1 6.3 0.7
Restaurant Meals 6.91 10.10 202.8 209.0 218.5 3.1 4.5

NON-FOOD AND SERVICES (Adjusted) 46.80 54.47 163.0 169.5 176.5 4.0 4.1

Cloth, Clothing & Sewing Services 8.92 13.04 145.1 148.4 151.3 2.3 2.0
Footwear 2.20 3.22 137.4 140.6 150.7 2.3 7.2
Housing goods and Services
House Furnishing and Household Goods 3.50 5.12 141.1 148.1 154.3 5.0 4.2
House Rent 4.19 6.12 154.9 161.8 168.5 4.5 4.1
Cleaning Supplies 1.26 1.84 144.9 158.8 166.1 9.6 4.6
Fuel, Light and Water 5.92 0.00 264.7 301.2 320.3 13.8 6.3
Transport 3.61 0.00 229.2 269.7 269.4 17.7 -0.1
Communication 0.42 0.61 126.6 126.6 126.6 0.0 0.0
Medical and Personal Care 8.03 11.74 175.9 179.8 189.0 2.2 5.1
Education, Reading and Recreation 7.09 10.36 199.8 212.0 219.9 6.1 3.7
Tobacco and Related Products 1.66 2.43 162.7 173.1 186.1 6.4 7.5

P: Provisional
**Based on the exclusion principle by excluding rice and rice products, vegetables and fruits, fuel, light and water and transports.
Total weight excluded 31.58
Total weight included 68.42
 Table 11
NATIONAL URBAN CONSUMER PRICE INDEX
(1995/96 = 100)
(Y-o-Y Changes)

2004/05 2005/06 2006/07P

Mid- Months
Index % Change Index % Change Index % Change

Dec 159.0 3.1 173.0 8.8 185.6 7.3

Jan 159.5 4.6 170.6 7.0 183.6 7.6

Feb 161.4 5.7 170.8 5.8 184.5 8.0

Mar 161.9 5.7 174.3 7.7 185.1 6.2

Apr 163.1 5.8 176.0 7.9 185.9 5.6

May 164.0 6.4 179.0 9.1 187.3 4.6

June 164.6 6.2 179.6 9.1 187.6 4.5

July 166.8 6.6 180.6 8.3 189.8 5.1

Aug 170.7 7.3 183.1 7.3 194.7 6.3

Sept 173.3 8.2 184.8 6.6 197.8 7.0

Oct 173.8 7.8 186.9 7.5 198.7 6.3

Nov 174.5 8.5 186.9 7.1 198.7 6.3

Average 166.1 6.3 178.8 7.7 189.9 6.3

P: Provisional.
 Table 12
NATIONAL WHOLESALE PRICE INDEX
(1999/00 = 100)

2005/06 2006/07 2007/08P % Change

Groups and Sub-groups Weight %
Oct/Nov Sep/Oct Oct/Nov Aug/Sep Sep/Oct Oct/Nov Column 5 Column 5 Column 8 Column 8
1 2 3 4 5 6 7 8 Over 3 Over 4 Over 5 Over 7

1. Overall Index 100.00 136.4 149.0 150.5 163.5 164.3 161.3 10.3 1.0 7.2 -1.8

1.1 Agricultural Commodities 49.59 136.3 153.5 154.2 174.4 175.3 167.3 13.1 0.5 8.5 -4.6

Foodgrains 16.58 116.7 133.2 134.9 141.2 143.1 144.8 15.6 1.3 7.3 1.2

Cash Crops 6.09 184.3 232.4 248.5 249.6 251.8 244.7 34.8 6.9 -1.5 -2.8

Pulses 3.77 129.5 160.9 164.2 186.1 181.8 182.6 26.8 2.1 11.2 0.4

Fruits and Vegetables 11.18 141.8 140.7 130.7 197.5 199.4 165.1 -7.8 -7.1 26.3 -17.2

Spices 1.95 100.0 131.4 142.4 136.2 132.8 133.2 42.4 8.4 -6.5 0.3

Livestock Production 10.02 143.1 154.7 153.7 161.1 160.8 160.7 7.4 -0.6 4.6 -0.1

1.2 Domestic Manufactured Commodities 20.37 124.9 132.9 135.5 143.4 143.5 142.5 8.5 2.0 5.2 -0.7

Food-Related Products 6.12 116.4 122.8 124.7 129.2 130.1 126.9 7.1 1.5 1.8 -2.5

Beverages and Tobacco 5.68 127.9 134.4 134.4 142.7 141.7 141.0 5.1 0.0 4.9 -0.5

Construction Materials 4.50 144.8 163.2 169.1 187.4 188.5 189.2 16.8 3.6 11.9 0.4

Others 4.07 111.5 112.7 116.2 116.9 116.5 116.6 4.2 3.1 0.3 0.1

1.3 Imported Commodities 30.04 144.3 152.4 154.5 159.3 160.4 164.2 7.1 1.4 6.3 2.4

Petroleum Products and Coal 5.40 234.5 263.3 268.5 268.4 268.4 286.5 14.5 2.0 6.7 6.7

Chemical Fertilizers and Chemical Goods 2.46 161.1 167.5 167.5 185.8 195.0 195.4 4.0 0.0 16.7 0.2

Transport Vehicles and Machinery Goods 6.97 124.9 126.4 127.0 132.2 132.9 132.9 1.7 0.5 4.6 0.0

Electric and Electronic Goods 1.87 96.7 95.0 95.0 95.7 94.9 94.9 -1.8 0.0 -0.1 0.0

Drugs and Medicine 2.73 111.9 112.0 112.4 114.0 117.1 116.7 0.4 0.4 3.8 -0.3

Textile-Related Products 3.10 111.8 111.3 110.9 108.7 108.7 108.2 -0.8 -0.4 -2.4 -0.5

Others 7.51 128.9 137.9 142.0 150.3 150.5 152.9 10.2 3.0 7.7 1.6

P = Provisional
 Table 13
NATIONAL WHOLESALE PRICE INDEX
(1999/00 = 100)
(Y-o-Y Changes)

2004/05 2005/06 2006/07P

Mid-Months
Index % Change Index % Change Index % Change

Dec 119.0 4.5 134.3 12.9 146.3 8.9

Jan 119.7 6.9 129.5 8.2 143.0 10.4

Feb 121.0 7.2 128.9 6.5 145.1 12.6

Mar 123.2 8.5 130.8 6.2 146.7 12.2

Apr 123.7 8.3 133.1 7.6 143.2 7.6

May 125.2 9.5 136.9 9.3 145.4 6.2

June 8.9 138.2 9.2 145.8 5.5

126.5
July 10.0 139.9 7.7 151.8 8.5
129.9
Aug 9.3 142.4 6.7 160.0 12.4
133.5
Sept 9.5 147.1 9.1 163.5 11.1
134.8
Oct 9.4 149.0 10.4 164.3 10.3
135.0
Nov 136.4 11.3 150.5 10.3 161.3 7.2

Average 127.3 8.6 138.4 8.7 151.4 9.4

P: Provisional.
 Table 14
NATIONAL SALARY AND WAGE RATE INDEX
(2004/05=100)

Weight 2005/06 2006/07 2007/08P % Change

S.No. Groups/Sub-groups
% Sep/Oct Aug/Sep Sep/Oct Jul/Aug Aug/Sep Sep/Oct
5 over 3 5 over 4 8 over 5 8 over 7
1 2 3 4 5 6 7 8

Overall Index 100.0 103.2 110.4 112.2 123.3 123.5 123.5 8.7 1.6 10.1 0.0
1 Salary Index 27.0 100.0 106.6 106.6 118.2 118.2 118.2 6.6 0.0 10.9 0.0

Officers 9.8 100.1 105.8 105.8 121.0 121.0 121.0 5.7 0.0 14.4 0.0
Non Officers 17.2 100.0 107.1 107.1 116.6 116.6 116.6 7.1 0.0 8.9 0.0

1.1 Civil Service 2.8 100.0 110.0 110.0 135.8 135.8 135.8 10.0 0.0 23.5 0.0
Officers 0.3 100.0 110.0 110.0 137.3 137.3 137.3 10.0 0.0 24.8 0.0
Non Officers 2.5 100.0 110.0 110.0 135.6 135.6 135.6 10.0 0.0 23.3 0.0
1.2 Public Corporations 1.1 100.0 111.4 111.4 121.2 121.2 121.2 11.4 0.0 8.8 0.0
Officers 0.2 100.0 114.2 114.2 132.1 132.1 132.1 14.2 0.0 15.7 0.0
Non Officers 1.0 100.0 110.8 110.8 119.0 119.0 119.0 10.8 0.0 7.4 0.0
1.3 Bank & Financial Institutions 0.6 102.1 113.3 113.3 170.5 170.5 170.5 11.0 0.0 50.5 0.0
Officers 0.1 103.2 117.6 117.6 167.7 167.7 167.7 14.0 0.0 42.6 0.0
Non Officers 0.5 101.9 112.3 112.3 171.2 171.2 171.2 10.2 0.0 52.4 0.0
1.4 Army &Police Forces 4.0 100.0 111.4 111.4 121.8 121.8 121.8 11.4 0.0 9.3 0.0
Officers 0.2 100.0 109.9 109.9 127.5 127.5 127.5 9.9 0.0 16.0 0.0
Non Officers 3.8 100.0 111.5 111.5 121.5 121.5 121.5 11.5 0.0 9.0 0.0
1.5 Education 10.6 100.0 107.0 107.0 122.8 122.8 122.8 7.0 0.0 14.8 0.0
Officers 6.8 100.0 106.5 106.5 125.7 125.7 125.7 6.5 0.0 18.0 0.0
Non Officers 3.8 100.0 108.0 108.0 117.6 117.6 117.6 8.0 0.0 8.9 0.0
1.6 Private Organisations 7.9 100.0 101.3 101.3 99.8 99.8 99.8 1.3 0.0 -1.5 0.0
Officers 2.2 100.0 101.5 101.5 100.6 100.6 100.6 1.5 0.0 -0.9 0.0
Non Officers 5.7 100.0 101.3 101.3 99.5 99.5 99.5 1.3 0.0 -1.8 0.0
2 Wage Rate Index 73.0 104.4 111.7 114.2 125.2 125.5 125.5 9.4 2.2 9.9 0.0

2.1 Agricultural Labourer 39.5 105.3 114.0 115.6 123.0 123.5 123.5 9.8 1.4 6.8 0.0
Male 20.5 105.1 113.3 114.7 121.7 121.5 121.5 9.1 1.2 5.9 0.0
Female 19.0 105.6 114.9 116.6 124.5 125.6 125.6 10.4 1.5 7.7 0.0
2.2 Industrial Labourer 25.3 104.2 109.5 114.2 130.7 130.9 130.9 9.6 4.3 14.6 0.0
High Skilled 6.3 102.7 106.8 108.8 121.4 121.7 121.7 5.9 1.9 11.9 0.0
Skilled 6.3 104.4 109.2 113.2 128.0 128.3 128.3 8.4 3.7 13.3 0.0
Semi Skilled 6.3 105.0 110.4 116.5 132.3 132.3 132.3 11.0 5.5 13.6 0.0
Unskilled 6.3 104.7 111.5 118.1 141.1 141.4 141.4 12.8 5.9 19.7 0.0
2.3 Construction Labourer 8.3 100.2 107.6 107.6 118.7 118.7 118.7 7.4 0.0 10.3 0.0
Mason 2.8 101.1 107.7 107.7 118.7 118.7 118.7 6.5 0.0 10.2 0.0
Skilled 1.4 101.0 107.5 107.5 117.6 117.6 117.6 6.4 0.0 9.4 0.0
Unskilled 1.4 101.2 107.8 107.8 119.8 119.8 119.8 6.5 0.0 11.1 0.0
Carpenter 2.8 100.2 105.2 105.2 114.3 113.9 113.9 5.0 0.0 8.3 0.0
Skilled 1.4 99.7 106.3 106.3 114.0 113.7 113.7 6.6 0.0 7.0 0.0
Unskilled 1.4 100.8 104.2 104.2 114.5 114.1 114.1 3.4 0.0 9.5 0.0
worker 2.8 99.4 109.8 109.8 123.0 123.5 123.5 10.5 0.0 12.5 0.0
Male 1.4 98.6 109.2 109.2 120.3 120.8 120.8 10.8 0.0 10.6 0.0
Female 1.4 100.1 110.4 110.4 125.7 126.2 126.2 10.3 0.0 14.3 0.0
P : Provisional
 Table 15
GOVERNMENT BUDGETARY OPERATION+
(On Cash Basis)
First Four Months
Rs in million
Amount
Heads 2005/06 2006/07 2007/08P 2006/07 2007/08P
Sanctioned Expenditure 28807.0 32173.1 41781.3 11.7 29.9
Recurrent 21473.6 23796.8 29473.4 10.8 23.9
Capital 3094.0 3561.2 5094.8 15.1 43.1
a.Domestic Resources & Loans 3090.9 2961.7 4398.4 -4.2 48.5
b.Foreign Cash Grants 3.1 599.5 696.4 19238.7 16.2
Principal Repayment 1981.6 2697.8 4839.8 36.1 79.4
Others 2257.8 2117.3 2373.3 -6.2 12.1

Unspent Government Balance 5429.2 6484.5 7236.5 19.4 11.6

Recurrent 4314.0 4440.2 5060.8 2.9 14.0

Capital 910.3 1748.0 1730.8 92.0 -1.0
Principal Repayment 204.9 296.3 444.9 44.6 50.2
Actual Expenduture 23377.8 25688.6 34544.8 9.9 34.5

Recurrent 17159.6 19356.6 24412.6 12.8 26.1

Capital 2183.7 1813.2 3364.0 -17.0 85.5
Principal Repayment 1776.7 2401.5 4394.9 35.2 83.0
Others (Freeze Account) 2257.8 2117.3 2373.3 -6.2 12.1

Resources 22199.2 27662.2 27134.8 24.6 -1.9

Revenue 17894.2 21523.9 24354.5 20.3 13.2
Foreign Grants 1674.8 3313.9 2258.4 97.9 -31.9
Non-Budgetary Receipts,net 994.8 2162.1 538.1 117.3 -75.1
Others # -539.8 -26.7 -72.5 -95.1 171.5
V.A.T. 169.8 472.3 278.0 178.2 -41.1
Local Authority Accounts (LAA) 2005.4 216.7 -221.7 -89.2 -202.3
Deficits(-) Surplus(+) -1178.6 1973.6 -7410.0 -267.5 -475.5

Sources of Financing 1278.6 -1973.6 7410.0 -254.4 -475.5

Internal Loans 148.2 -2846.0 6028.3 -2020.4 -311.8
Domestic Borrowings 1285.0 2480.0 5075.0 93.0 104.6
a. Treasury Bills 1285.0 2480.0 3875.0 93.0 56.3
b. Development Bonds 0.0 0.0 900.0 - -
c. National Saving Certificates 0.0 0.0 0.0 - -
d. Citizen Saving Certificates 0.0 0.0 300.0 - -
Overdrafts++ -1197.4 -5309.5 1022.0 343.4 -119.2
Others@ 60.6 -16.5 -68.7 -127.2 316.4
Foreign Loans 1130.4 872.4 1381.7 -22.8 58.4

+ As per NRB records.

P Preliminary
++ Minus (-) indicates surplus.
# Change in outstanding amount disbursed to VDC/Municipalities/DDC remaining unspent.
@ Interest from Government Treasury transactions and others.
 Table 16
OUTSTANDING DOMESTIC DEBT OF THE GON

Rs in million
Amount Change
2006 2007
No. Name of Bonds/Ownership Nov-July
Mid-Jul Mid-Nov Mid-Jul Mid-Nov 2006 2007
1 Treasury Bills 62970.3 65450.3 74445.3 78318.0 2480.0 3872.7
a. Banking Sector 60855.1 63108.6 72380.3 76198.0 2253.5 3817.7
i. Nepal Rastra Bank 9209.3 13889.3 13768.8 19766.5 4680.0 5997.7
ii. Commercial Banks 51645.8 49219.3 58611.5 56431.5 -2426.5 -2180.0
b. Non-Banking Sector 2115.2 2341.7 2065.0 2120.0 226.5 55.0
2 Development Bonds 17959.2 17959.2 19177.1 18077.1 0.0 -1100.0
a. Banking Sector 7789.6 7789.6 7798.9 6647.4 0.0 -1151.6
i. Nepal Rastra Bank 1518.6 1518.6 1518.6 1547.3 0.0 28.7
ii. Commercial Banks 6271.0 6271.0 6280.3 5100.1 0.0 -1180.2
b. Non-Banking Sector 10169.6 10169.6 11378.2 11429.8 0.0 51.6
3 National Saving Certificates 3876.8 3876.8 1516.9 1516.9 0.0 0.0
a. Banking Sector 254.4 254.4 279.5 287.3 0.0 7.8
i. Nepal Rastra Bank 254.4 254.4 279.5 287.3 0.0 7.8
ii. Commercial Banks 0.0 0.0 0.0 0.0 0.0 0.0
b. Non-Banking Sector 3622.4 3622.4 1237.4 1229.6 0.0 -7.8
4 Citizen Saving Bonds 1678.9 1678.9 1391.0 1691.0 0.0 300.0
a. Banking Sector 55.3 55.3 62.7 71.7 0.0 9.1
i. Nepal Rastra Bank 55.3 55.3 62.7 71.7 0.0 9.1
b. Non-Banking Sector 1623.6 1623.6 1328.3 1619.3 0.0 290.9
5 Special Bonds 3469.8 3469.8 2773.5 2773.5 0.0 0.0
a. Banking Sector 944.6 944.6 944.6 944.6 0.0 0.0
i. Commercial Banks 944.6 944.6 944.6 944.6 0.0 0.0
b.Non-Banking Sector 2525.2 2525.2 1828.9 1828.9 0.0 0.0
(Of which duty drawback) 1051.8 1051.7 355.4 355.4 -0.1 0.0
6 Short Term Loan & Advances 1071.0 -4238.5 -3122.5 -2100.5 -5309.5 1022.0
Nepal Rastra Bank 1071.0 -4238.5 -3122.5 -2100.5 -5309.5 1022.0
7 Grand Total 91025.9 88196.4 96181.4 100276.0 -2829.5 4094.7
a Banking Sector 70970.1 67914.1 78343.6 82048.5 -3056.0 3704.9
i NRB 12108.6 11479.1 12507.2 19572.3 -629.5 7065.2
ii. Commercial Banks 58861.4 56434.9 65836.4 62476.2 -2426.5 -3360.2
b. Non-Banking Sector 20055.8 20282.3 17837.8 18227.5 226.5 389.7
 Table 17
DIRECTION OF FOREIGN TRADE*
First Four Months
Rs in million
% Change
2005/06 2006/07P 2007/08P
2005/06 2006/07 2007/08

TOTAL EXPORTS 20558.2 20840.1 19533.4 12.8 1.4 -6.3

To India 14103.7 14130.8 13024.6 27.8 0.2 -7.8

To Other Countries 6454.5 6709.3 6508.8 -10.2 3.9 -3.0

TOTAL IMPORTS 56022.5 62093.0 62735.0 20.0 10.8 1.0

From India 34681.9 38293.0 39144.4 30.6 10.4 2.2

From Other Countries 21340.6 23800.0 23590.6 6.1 11.5 -0.9

TOTAL TRADE BALANCE -35464.3 -41252.9 -43201.6 24.7 16.3 4.7

With India -20578.2 -24162.2 -26119.8 32.6 17.4 8.1

With Other Countries -14886.1 -17090.7 -17081.8 15.2 14.8 -0.1

TOTAL FOREIGN TRADE 76580.7 82933.1 82268.4 18.0 8.3 -0.8

With India 48785.6 52423.8 52169.0 29.8 7.5 -0.5

With Other Countries 27795.1 30509.3 30099.4 1.8 9.8 -1.3

1. Ratio of Export to Import 36.7 33.6 31.1

India 40.7 36.9 33.3
Other Countries 30.2 28.2 27.6
2.Share in Total Export
India 68.6 67.8 66.7
Other Countries 31.4 32.2 33.3
3.Share in Total Import
India 61.9 61.7 62.4
Other Countries 38.1 38.3 37.6
4.Share in Trade Balance
India 58.0 58.6 60.5
Other Countries 42.0 41.4 39.5
5.Share in Total Trade
India 63.7 63.2 63.4
Other Countries 36.3 36.8 36.6
6. Share of Export and Import in Total Trade
Export 26.8 25.1 23.7
Import 73.2 74.9 76.3

* On customs data basis

P = Provisional
 Table 18
EXPORT OF MAJOR COMMODITIES TO INDIA

Rs in million
First Four Months % Change
2005/06 2006/07P 2007/08P 2005/06 2006/07 2007/08
A. Major Items 10726.2 11073.0 10915.2 26.5 3.2 -1.4
1 Aluminium Section 294.2 300.9 180.5 21.8 2.3 -40.0
2 Batica hair oil 1.2 7.5 0.0 -99.0 525.0 -100.0
3 Biscuits 5.1 0.7 0.0 -17.7 -86.3 -100.0
4 Brans 38.7 33.0 81.8 195.4 -14.7 147.9
5 Brooms 15.9 10.1 0.2 -21.7 -36.5 -98.0
6 Cardamom 156.5 249.0 295.7 34.1 59.1 18.8
7 Catechue 145.9 126.1 151.1 28.2 -13.6 19.8
8 Cattlefeed 185.9 41.1 63.7 -7.3 -77.9 55.0
9 Chemicals 431.5 331.8 180.3 7.6 -23.1 -45.7
10 Cinnamon 20.5 3.5 3.4 3316.7 -82.9 -2.9
11 Copper Wire Rod 134.7 17.7 218.2 -4.1 -86.9 1132.8
12 Dried Ginger 14.2 21.1 13.2 -18.4 48.6 -37.4
13 Fruits 0.3 0.0 1.9 -50.0 -100.0 -
14 G.I. pipe 203.0 91.3 2.6 75.9 -55.0 -97.2
15 Ghee (Vegetable) 1509.8 2038.8 990.0 270.6 35.0 -51.4
16 Ghee(Clarified) 16.7 26.0 19.0 -23.4 55.7 -26.9
17 Ginger 123.1 123.6 149.7 121.8 0.4 21.1
18 Handicraft Goods 12.6 3.1 7.5 -48.1 -75.4 141.9
19 Herbs 33.9 19.6 20.2 11.9 -42.2 3.1
20 Juice 333.8 469.5 618.2 24.7 40.7 31.7
21 Jute Goods 850.0 777.5 926.3 10.1 -8.5 19.1
22 Live Animals 21.7 11.3 0.0 17.3 -47.9 -100.0
23 M.S. Pipe 2.5 70.4 395.5 -97.0 2716.0 461.8
24 Marble Slab 18.1 27.7 43.8 -31.4 53.0 58.1
25 Medicine (Ayurvedic) 100.4 61.6 56.1 14.0 -38.6 -8.9
26 Mustard & Linseed 19.3 9.2 12.5 80.4 -52.3 35.9
27 Noodles 159.0 77.6 135.7 57.4 -51.2 74.9
28 Oil Cakes 108.1 91.8 117.4 -7.1 -15.1 27.9
29 Paper 22.3 44.8 21.7 -69.2 100.9 -51.6
30 Particle Board 106.5 78.1 35.2 19.9 -26.7 -54.9
31 Pashmina 118.1 13.8 0.6 -13.0 -88.3 -95.7
32 Plastic Utensils 448.3 118.1 112.3 23.1 -73.7 -4.9
33 Polyster Yarn 1060.4 636.0 746.3 157.9 -40.0 17.3
34 Pulses 227.4 187.0 38.9 -42.4 -17.8 -79.2
35 Raw Jute 0.5 0.0 31.1 - -100.0 -
36 Readymade garment 317.9 285.3 238.5 118.3 -10.3 -16.4
37 Ricebran Oil 29.0 49.0 73.7 -41.6 69.0 50.4
38 Rosin 114.0 170.6 86.6 72.5 49.6 -49.2
39 Shoes and Sandles 76.7 57.1 88.3 7.1 -25.6 54.6
40 Skin 98.9 92.9 145.0 20.8 -6.1 56.1
41 Soap 102.6 131.7 148.0 -1.5 28.4 12.4
42 Stone and Sand 44.2 64.7 35.9 -30.3 46.4 -44.5
43 Tarpentine 19.1 43.5 18.2 -14.0 127.7 -58.2
44 Textiles* 679.9 1165.2 836.1 -23.5 71.4 -28.2
45 Thread 540.0 1129.7 1388.2 -32.2 109.2 22.9
46 Tooth Paste 368.2 434.6 27.2 -1.7 18.0 -93.7
47 Turmeric 0.0 6.9 0.0 - - -100.0
48 Vegetable 15.5 10.9 2.5 -46.6 -29.7 -77.1
49 Wire 568.4 521.9 472.5 108.2 -8.2 -9.5
50 Zinc Oxide 0.0 0.0 0.0 -100.0 - -
51 Zinc sheet 811.7 789.7 1683.9 57.8 -2.7 113.2
B. Others 3377.5 3057.8 2109.4 32.2 -9.5 -31.0
Total(A+B) 14103.7 14130.8 13024.6 27.8 0.2 -7.8

P = Provisional
*= including P.P. Fabric
 Table 19
EXPORT OF MAJOR COMMODITIES TO OTHER COUNTRIES

Rs in million
First Four Months % Change
2005/06 2006/07P 2007/08P 2005/06 2006/07 2007/08
A. Major Items 5042.4 4980.5 3617.9 -6.9 -1.2 -27.4
1 Handicraft ( Metal and Wooden ) 167.0 73.9 46.4 -39.1 -55.7 -37.2
2 Herbs 6.6 7.4 34.5 -55.7 12.1 366.2
3 Nepalese Paper & Paper Products 58.4 116.4 21.3 -35.7 99.3 -81.7
4 Nigerseed 0.0 0.0 0.0 - - -
5 Pashmina 446.4 410.2 61.9 1.2 -8.1 -84.9
6 Pulses 103.0 218.4 232.5 185.3 112.0 6.5
7 Readymade Garments 2095.6 1843.6 1577.0 -6.2 -12.0 -14.5
8 Readymade Leather Goods 4.7 14.8 9.1 -60.8 214.9 -38.5
9 Silverware and Jewelleries 126.6 96.1 54.9 1.8 -24.1 -42.9
10 Tanned Skin 91.1 103.1 48.0 -11.2 13.2 -53.4
11 Tea 23.2 59.9 130.8 -27.5 158.2 118.4
12 Woolen Carpet 1919.8 2036.7 1401.5 -6.7 6.1 -31.2
B. Others 1412.1 1728.8 2891.5 -20.2 22.4 67.3
Total (A+B) 6454.5 6709.3 6509.4 -10.2 3.9 -3.0

P = Provisional
 Table 20
IMPORT OF SELECTED COMMODITIES FROM INDIA

Rs in million
First Four Months % Change
2005/06 2006/07P 2007/08P 2005/06 2006/07 2007/08
A. Major Items 26253.1 27956.5 29128.3 19.0 6.5 4.2
1 Agri. Equip.& Parts 155.4 343.5 565.7 -18.3 121.0 64.7
2 Aluminium Ingot, Billet & Rod 57.7 153.9 160.7 -58.3 166.9 4.4
3 Baby Food & Milk Products 151.3 190.8 67.6 -7.4 26.1 -64.6
4 Bitumen 34.7 110.3 53.4 -57.8 217.9 -51.6
5 Books and Magazines 58.1 86.5 85.3 -34.4 48.9 -1.4
6 Cement 579.4 668.4 584.2 -22.1 15.4 -12.6
7 Chemical Fertilizer 307.8 313.4 128.5 -25.1 1.8 -59.0
8 Chemicals 1516.8 804.0 805.4 116.8 -47.0 0.2
9 Coal 126.0 178.3 209.4 -57.4 41.5 17.4
10 Coldrolled Sheet Incoil 273.5 346.0 632.4 -76.3 26.5 82.7
11 Cooking Stoves 12.7 18.0 18.7 5.8 41.7 3.9
12 Cosmetics 261.3 241.2 185.5 35.5 -7.7 -23.1
13 Cuminseeds and Peppers 102.8 41.3 85.0 54.8 -59.8 105.8
14 Dry Cell Battery 25.7 38.5 22.0 -47.1 49.8 -42.9
15 Electrical Equipment 396.1 583.2 808.9 7.6 47.2 38.7
16 Enamel & Other Paints 61.5 101.5 99.6 -35.8 65.0 -1.9
17 Fruits 297.7 206.4 364.0 90.6 -30.7 76.4
18 Glass Sheet and G.Wares 148.3 137.6 172.3 -28.0 -7.2 25.2
19 Hotrolled Sheet Incoil 193.5 413.7 775.6 -1.1 113.8 87.5
20 Incense Sticks 28.6 31.3 98.1 17.7 9.4 213.4
21 Insecticides 84.6 150.3 213.2 71.3 77.7 41.8
22 Live Animals 179.3 68.3 62.5 39.8 -61.9 -8.5
23 M.S. Billet 1360.6 1207.2 2203.5 55.8 -11.3 82.5
24 M.S. Wire Rod 459.2 427.0 387.2 35.3 -7.0 -9.3
25 Medicine 1740.6 1672.1 1862.0 40.0 -3.9 11.4
26 Molasses Sugar 37.3 5.9 3.7 39.7 -84.2 -37.3
27 Other Machinery & Parts 930.5 1133.0 1240.7 -30.3 21.8 9.5
28 Other Stationary Goods 122.0 91.9 85.7 155.2 -24.7 -6.7
29 Paper 196.1 323.1 194.7 -15.4 64.8 -39.7
30 Petroleum Products 10379.6 11591.6 9425.8 47.2 11.7 -18.7
31 Pipe and Pipe Fittings 72.2 65.1 312.4 -45.9 -9.8 379.9
32 Plastic Utensils 105.2 26.6 20.4 -38.3 -74.7 -23.3
33 Radio, TV, Deck & Parts 130.3 209.1 199.5 157.0 60.5 -4.6
34 Raw Cotton 50.1 25.5 19.4 -14.4 -49.1 -23.9
35 Readymade Garments 469.4 358.0 500.7 28.2 -23.7 39.9
36 Rice 837.4 395.2 451.4 465.4 -52.8 14.2
37 Salt 5.7 8.9 16.4 26.7 56.1 84.3
38 Sanitaryware 52.4 90.2 54.7 -44.3 72.1 -39.4
49 Shoes & Sandles 31.6 56.7 24.2 36.8 79.4 -57.3
40 Steel Sheet 4.0 0.0 0.0 -25.5 -100.0 -
41 Sugar 209.3 3.3 6.9 1644.2 -98.4 109.1
42 Tea 8.7 12.3 7.3 -46.3 41.4 -40.7
43 Textiles 538.9 593.3 425.3 -24.2 10.1 -28.3
44 Thread 733.6 1084.0 1118.0 -22.4 47.8 3.1
45 Tobacco 147.1 185.6 201.5 20.5 26.2 8.6
46 Tyre Tubes,Flapes 88.2 128.6 135.5 -31.6 45.8 5.4
47 Vegetables 617.3 411.8 317.4 65.9 -33.3 -22.9
48 Vehicles & Spare Parts 1802.9 2589.4 3670.2 -10.9 43.6 41.7
49 Wire Products 70.3 34.7 45.9 395.1 -50.6 32.3
B. Others 8428.8 10336.5 10016.1 87.3 22.6 -3.1
Total (A+B) 34681.9 38293.0 39144.4 30.6 10.4 2.2
R=Revised
P=Provisional
 Table 21
IMPORT OF SELECTED COMMODITIES FROM OTHER COUNTRIES
Rs in million
First Four Months % Change
2005/06 2006/07P 2007/08P 2005/06 2006/07 2007/08
A. Major Items 16721.3 17254.4 15837.0 10.1 3.2 -8.2
1 Aircraft Spareparts 550.5 594.8 266.8 47.0 8.0 -55.1
2 Bags 53.6 10.0 0.7 158.9 -81.3 -93.0
3 Betelnut 296.8 342.0 267.4 -0.2 15.2 -21.8
4 Button 16.9 5.0 3.4 -68.2 -70.4 -32.0
5 Camera 44.1 81.9 32.7 -24.1 85.7 -60.1
6 Chemical Fertilizer 11.1 477.6 19.6 -93.4 4202.7 -95.9
7 Cigarette Paper 1.5 1.7 15.4 - 13.3 805.9
8 Clove 0.0 50.2 19.9 -100.0 - -60.4
9 Coconut Oil 15.7 14.8 0.1 -58.5 -5.7 -99.3
10 Computer Parts 434.5 1014.2 290.3 11.0 133.4 -71.4
11 Copper Wire Rod,Scrapes & Sheets 316.8 719.0 459.4 -15.8 127.0 -36.1
12 Cosmetic Goods 90.0 137.8 102.3 4.0 53.1 -25.8
13 Crude Coconut Oil 12.1 35.0 17.8 53.2 189.3 -49.1
14 Crude Palm Oil 1599.0 3064.2 1663.9 58.0 91.6 -45.7
15 Crude Soyabean Oil 512.2 702.0 547.4 -15.3 37.1 -22.0
16 Cuminseed 1.9 0.6 0.0 -51.3 -68.4 -100.0
17 Door Locks 7.0 6.5 1.6 -9.1 -7.1 -75.4
18 Drycell Battery 20.6 28.1 360.2 -22.8 36.4 1181.9
19 Edible Oil 192.3 270.3 40.3 -21.7 40.6 -85.1
20 Electrical Goods 888.0 716.3 1394.3 137.1 -19.3 94.7
21 Fastener 24.3 11.4 9.6 15.2 -53.1 -15.8
22 Flash Light 2.9 3.5 1.0 -79.6 20.7 -71.4
23 G.I.Wire 17.8 0.0 0.0 17700.0 -100.0 -
24 Glasswares 11.3 55.5 52.3 -20.4 391.2 -5.8
25 Gold 2.0 0.0 2101.9 -23.1 -100.0 -
26 Insecticides 95.8 6.7 0.2 1373.8 -93.0 -97.0
27 M.S. Billet 504.9 145.6 267.2 521.8 -71.2 83.5
28 M.S.Wire Rod 332.6 56.1 140.8 137.2 -83.1 151.0
29 Medical Equip.& Tools 222.1 329.0 178.4 -28.5 48.1 -45.8
30 Medicine 138.6 437.3 170.0 -17.5 215.5 -61.1
31 Office Equip.& Stationary 24.3 26.4 15.7 -61.2 8.6 -40.5
32 Other Machinary & Parts 721.2 645.2 1076.9 -14.6 -10.5 66.9
33 Other Stationaries 125.0 216.1 110.3 224.7 72.9 -49.0
34 P.V.C.Compound 73.0 114.4 73.7 -26.9 56.7 -35.6
35 Palm Oil 702.2 143.7 104.4 -34.2 -79.5 -27.3
36 Parafin Wax 38.0 63.7 15.3 167.6 67.6 -76.0
37 Petroleum Products 128.3 323.0 132.9 106.9 151.8 -58.9
38 Pipe & Pipe Fittings 47.8 63.5 85.4 - 32.8 34.5
39 Polythene Granules 1215.6 984.4 836.6 22.8 -19.0 -15.0
40 Powder Milk 16.4 28.5 17.4 -5.2 73.8 -38.9
41 Raw Silk 52.4 14.8 2.5 10380.0 -71.8 -83.1
42 Raw Wool 505.6 297.6 246.9 -14.8 -41.1 -17.0
43 Readymade Garments 889.7 189.2 149.2 48.5 -78.7 -21.1
44 Shoes and Sandals 304.6 50.2 34.6 -17.1 -83.5 -31.1
45 Silver 52.6 0.6 269.1 57.0 -98.9 44750.0
46 Small Cardamom 120.6 67.8 48.0 60.8 -43.8 -29.2
47 Steel Rod & Sheet 142.4 4.5 22.7 2748.0 -96.8 404.4
48 Storage Battery 71.1 36.9 13.0 15.6 -48.1 -64.8
49 Synthetic & Natural Rubber 50.5 37.7 71.7 17.4 -25.3 90.2
50 Synthetic Carpet 53.7 73.9 17.7 -4.6 37.6 -76.0
51 Telecommunication Equip. Parts 662.6 165.9 981.6 -11.5 -75.0 491.7
52 Tello 55.5 181.2 27.5 3.4 226.5 -84.8
53 Textile Dyes 840.2 805.6 281.3 160.5 -4.1 -65.1
54 Textiles 688.8 877.7 579.4 -30.0 27.4 -34.0
55 Threads 710.4 550.3 304.7 -41.6 -22.5 -44.6
56 Toys 24.8 3.4 5.4 -19.2 -86.3 58.8
57 Transport Equip.& Parts 715.4 569.2 1092.8 16.1 -20.4 92.0
58 Tyre,Tube & Flaps 47.1 55.1 23.7 23.3 17.0 -57.0
59 Umbrella and Parts 4.0 5.5 1.4 -71.2 37.5 -74.5
60 Video Television & Parts 395.2 278.7 327.1 -26.1 -29.5 17.4
61 Watches & Bands 85.4 62.5 22.5 14.3 -26.8 -64.0
62 Writing & Printing Paper 237.9 258.6 187.7 87.8 8.7 -27.4
63 X-Ray Film 33.0 44.1 76.1 13.8 33.6 72.6
64 Zinc Ingot 469.1 697.4 156.9 10.8 48.7 -77.5
B. Others 4619.3 6545.6 7753.6 -6.2 41.7 18.5
Total (A+B) 21340.6 23800.0 23590.6 6.1 11.5 -0.9
R= Revised
P = Provisional
 Table 22
SUMMARY OF BALANCE OF PAYMENTS PRESENTATION
Rs in million
% Change
2005/06 2006/07 2007/08
Particulars First Four Months
4 months Annual 4 months Annual 4 months 2006/07 2007/08
A. Current Account -2245.2 14224.5 -995.2 3496.0 -2.3 -55.7 -99.8
Goods: Exports f.o.b. 20975.2 61482.4 21499.0 62900.8 20301.5 2.5 -5.6
Oil 0.0 0.0 0.0 0.0 0.0 - -
Other 20975.2 61482.4 21499.0 62900.8 20301.5 2.5 -5.6
Goods: Imports f.o.b. -55159.8 -171540.8 -60337.9 -187451.3 -61822.1 9.4 2.5
Oil -10379.6 -33657.2 -11591.6 -33548.7 -9425.8 11.7 -18.7
Other -44780.2 -137883.6 -48746.3 -153902.6 -52396.3 8.9 7.5
Balance on Goods -34184.6 -110058.4 -38838.9 -124550.5 -41520.6 13.6 6.9
Services: Net -1019.1 -6818.3 -3255.9 -8377.3 -6611.1 219.5 103.0
Services: Credit 8988.9 26469.7 10095.8 32078.9 11533.5 12.3 14.2
Travel 2768.1 9555.8 2903.7 10125.3 4995.6 4.9 72.0
Government n.i.e. 3171.7 7441.5 3978.4 12336.4 3607.5 25.4 -9.3
Other 3049.1 9472.4 3213.7 9617.2 2930.4 5.4 -8.8
Services: Debit -10008.0 -33288.0 -13351.7 -40456.2 -18144.6 33.4 35.9
Transportation -3907.6 -12592.3 -5022.7 -14557.4 -8019.6 28.5 59.7
Travel -3973.5 -11960.8 -5577.5 -15785.0 -6838.7 40.4 22.6
O/W Education -1257.1 -3445.6 -2039.7 -6336.6 -2744.1 62.3 34.5
Government services: debit -223.3 -698.2 -113.6 -189.4 -126.1 -49.1 11.0
Other -2126.9 -8734.9 -2751.5 -10113.8 -3286.3 29.4 19.4
Balance on Goods and Services -35203.7 -116876.7 -42094.8 -132927.8 -48131.7 19.6 14.3
Income: Net 566.4 4955.5 520.4 7431.8 1485.6 -8.1 185.5
Income: Credit 2462.9 11432.3 3061.5 14500.8 3100.0 24.3 1.3
Income: Debit -1896.5 -6476.8 -2541.1 -7069.0 -1614.4 34.0 -36.5
Balance on Goods, Services and Income -34637.3 -111921.2 -41574.4 -125496.0 -46646.1 20.0 12.2
Transfers: Net 32392.1 126145.7 40579.2 128992.0 46643.8 25.3 14.9
Current Transfers: Credit 33732.8 130861.7 42593.0 133196.8 47481.5 26.3 11.5
Grants 3493.5 18851.1 6632.6 18218.2 3182.2 89.9 -52.0
Workers' Remittances 27062.9 97688.5 31673.3 100144.8 38248.7 17.0 20.8
Pensions 3176.4 12007.6 3719.9 12937.0 5260.7 17.1 41.4
Other (Indian Excise Refund) 0.0 2314.5 567.2 1896.8 789.9 - 39.3
Current Transfers: Debit -1340.7 -4716.0 -2013.8 -4204.8 -837.7 50.2 -58.4
B Capital Account (Capital Transfer) 1179.1 3107.0 1819.0 4449.9 1673.7 54.3 -8.0
Total, Groups A plus B -1066.1 17331.5 823.8 7945.9 1671.4 -177.3 102.9
C Financial Account (Excluding Group E) 1884.1 -1324.5 1006.7 -2362.1 158.9 -46.6 -84.2
Direct investment in Nepal 0.0 -469.7 0.0 362.3 24.2 - -
Portfolio Investment 0.0 0.0 0.0 0.0 0.0 - -
Other Investment: Assets -5948.3 -14008.8 -6325.3 -10690.0 -3144.8 6.3 -50.3
Trade Credits -2654.2 -1629.5 -3375.5 -5127.6 -1644.4 27.2 -51.3
Other -3294.1 -12379.3 -2949.8 -5562.4 -1500.4 -10.5 -49.1
Other Investment: Liabilities 7832.4 13154.0 7332.0 7965.6 3279.5 -6.4 -55.3
Trade Credits 6785.8 9232.5 6861.3 1727.8 3349.8 1.1 -51.2
Loans -648.6 526.9 -1098.9 1455.6 -537.6 69.4 -51.1
General Government -565.3 703.7 -1089.2 2150.7 -522.9 92.7 -52.0
Drawings 1220.7 7691.0 1520.2 9689.7 1872.1 24.5 23.1
Repayments -1786.0 -6987.3 -2609.4 -7539.0 -2395.0 46.1 -8.2
Other Sectors -83.3 -176.8 -9.7 -695.1 -14.7 -88.4 51.5
Currency and Deposits 1695.2 3394.6 1569.6 4782.2 467.3 -7.4 -70.2
Nepal Rastra Bank 127.8 -116.5 0.7 2.4 18.5 -99.5 2542.9
Deposit Money Banks 1567.4 3511.1 1568.9 4779.8 448.8 0.1 -71.4
Other Liabilities 0.0 0.0 0.0 0.0 0.0 - -
Total, Group A through C 818.0 16007.0 1830.5 5583.8 1830.3 123.8 0.0
D. Miscellaneous Items, Net 5225.8 12985.4 -80.1 5082.3 -4970.1 -101.5 6104.9
Total, Group A through D 6043.8 28992.4 1750.4 10666.1 -3139.8 -71.0 -279.4
E. Reserves and Related Items -6043.8 -28992.4 -1750.4 -10666.1 3139.8 -71.0 -279.4
Reserve Assets -6043.8 -28992.3 -1750.4 -13389.8 2072.2 -71.0 -218.4
Nepal Rastra Bank -1591.4 -21297.1 -247.3 -10942.8 4285.1 -84.5 -1832.8
Deposit Money Banks -4452.4 -7695.2 -1503.1 -2447.0 -2212.9 -66.2 47.2
Use of Fund Credit and Loans 0.0 -0.1 0.0 2723.7 1067.6 - -
Changes in Reserve Net ( - increase ) -4348.6 -25597.8 -180.8 -5883.9 3607.1 -95.8 -2095.1
 Table 23
GROSS FOREIGN HOLDING OF THE BANKING SECTOR

Rs in million
% Change
Mid-Jul. Mid-Nov Mid-Jul. Mid-Nov Mid-Jul. Mid-Nov First Four Months
2005 2005 2006 2006 2007 2007 2006/07 2007/08

Nepal Rastra Bank 104423.7 109430.1 131967.6 129795.7 129606.0 125333.9 -1.6 -3.3
Convertible 100823.6 102984.0 124147.2 124282.1 123734.9 120180.6 0.1 -2.9
Inconvertible 3600.1 6446.1 7820.4 5513.6 5871.1 5153.3 -29.5 -12.2

Commercial Bank 25472.7 29767.2 33065.4 34656.5 35499.6 37783.7 4.8 6.4
Convertible 23154.9 27091.5 31790.7 31524.2 31681.0 34799.7 -0.8 9.8
Inconvertible 2317.8 2675.7 1274.7 3132.3 3818.6 2984.0 145.7 -21.9

Total Reserve 129896.4 139197.3 165033.0 164452.2 165105.6 163117.6 -0.4 -1.2

Convertible 123978.5 130075.5 155937.9 155806.3 155415.9 154980.3 -0.1 -0.3

Share in total (in percent) 95.4 93.4 94.5 94.7 94.1 95.0
Inconvertible 5917.9 9121.8 9095.1 8645.9 9689.7 8137.3 -4.9 -16.0
Share in total (in percent) 4.6 6.6 5.5 5.3 5.9 5.0
Import Capacity(Equivalent Months)
Merchandise 10.4 9.9 11.4 10.6 10.3 10.4
Merchandise and Services 8.8 8.4 9.6 8.7 8.5 8.1
1.Gross Foreign Exchange Reserve 129896.4 139197.3 165033.0 164452.2 165105.6 163117.6 -0.4 -1.2
2.Gold,SDR,IMF Gold Tranche 1020.5 1047.1 1068.7 648.1 587.5 578.2 -39.4 -1.6
3.Gross Foreign Assets(1+2) 130916.9 140244.4 166101.7 165100.3 165693.1 163695.8 -0.6 -1.2
4.Foreign Liabilities 23174.8 24898.9 26662.5 28205.2 33804.0 35353.4 5.8 4.6
5.Net Foreign Assets(3-4) 107742.1 115345.5 139439.2 136895.1 131889.1 128342.4 -1.8 -2.7
6.Change in NFA (before adj. ex. val.)* 1062.5 -7603.4 -31697.1 2544.1 7550.1 3546.7 - -
7.Exchange Valuation -6804.8 3254.7 6099.4 -2724.9 -13434.0 60.4 - -
8.Change in NFA (6+7)** -5742.3 -4348.7 -25597.7 -180.8 -5883.9 3607.1 - -
Sources: Nepal Rastra Bank and Commercial Banks; Estimated.
*= Change in NFA is derived by taking mid-July as base and minus (-) sign indicates increase.
* * = After adjusting exchange valuation gain/loss
Period end Buying Rate 70.35 73.14 74.10 72.30 64.85 63.05
 Table 24
GROSS FOREIGN HOLDING OF THE BANKING SECTOR
US $ in million

% Change
Mid-Jul. Mid-Nov Mid-Jul. Mid-Nov Mid-Jul. Mid-Nov First Four Months
2005 2005 2006 2006 2007 2007 2006/07 2007/08

Nepal Rastra Bank 1484.3 1496.2 1780.9 1795.2 1998.6 1987.8 0.8 -0.5
Convertible 1433.2 1408.0 1675.4 1719.0 1908.0 1906.1 2.6 -0.1
Inconvertible 51.2 88.1 105.5 76.3 90.5 81.7 -27.7 -9.7

Commercial Bank 362.1 407.0 446.2 479.3 547.4 599.3 7.4 9.5
Convertible 329.1 370.4 429.0 436.0 488.5 551.9 1.6 13.0
Inconvertible 32.9 36.6 17.2 43.3 58.9 47.3 151.8 -19.6

Total Reserve 1846.4 1903.2 2227.2 2274.6 2546.0 2587.1 2.1 1.6

Convertible 1762.3 1778.4 2104.4 2155.0 2396.5 2458.1 2.4 2.6

Share in total (in percent) 95.4 93.4 94.5 94.7 94.1 95.0
Inconvertible 84.1 124.7 122.7 119.6 149.4 129.1 -2.6 -13.6
Share in total (in percent) 4.6 6.6 5.5 5.3 5.9 5.0
Import Capacity(Equivalent Months)
Merchandise 10.4 9.9 11.4 10.6 10.3 10.4
Merchandise and Services 8.8 8.4 9.6 8.7 8.5 8.1
1.Gross Foreign Exchange Reserve 1846.4 1903.2 2227.2 2274.6 2546.0 2587.1 2.1 1.6
2.Gold,SDR,IMF Gold Tranche 14.5 14.3 14.4 9.0 9.1 9.2 -37.8 1.2
3.Gross Foreign Assets(1+2) 1860.9 1917.5 2241.6 2283.5 2555.0 2596.3 1.9 1.6
4.Foreign Liabilities 329.4 340.4 359.8 390.1 521.3 560.7 8.4 7.6
5.Net Foreign Assets(3-4) 1531.5 1577.1 1881.8 1893.4 2033.8 2035.6 0.6 0.1
6.Change in NFA (before adj. ex. val.)* 15.1 -104.0 -427.8 35.2 116.4 56.3 - -
7.Exchange Valuation -96.7 44.5 82.3 -37.7 -207.2 1.0 - -
8.Change in NFA (6+7)** -81.6 -59.5 -345.4 -2.5 -90.7 57.2 - -
Sources: Nepal Rastra Bank and Commercial Banks; Estimated.
*= Change in NFA is derived by taking mid-July as base and minus (-) sign indicates increase.
* * = After adjusting exchange valuation gain/loss
Period end Buying Rate 70.35 73.14 74.10 72.30 64.85 63.05
 Table 25
Exchange Rate of US Dollar
(NRs/US$)

Month End* Monthly Average*

FY Mid-Month Average Average
Buying Selling Middle Buying Selling Middle
Rate Rate
2005/06 Aug 70.25 70.84 70.55 70.26 70.85 70.55
Sep 71.00 71.59 71.30 70.70 71.30 71.00
Oct 71.65 72.24 71.95 71.21 71.80 71.51
Nov 73.14 74.01 73.58 72.92 73.52 73.22
Dec 73.75 74.34 74.05 73.90 74.49 74.20
Jan 71.00 71.59 71.30 72.36 72.95 72.65
Feb 71.00 71.59 71.30 71.06 71.65 71.36
Mar 71.40 71.99 71.70 71.24 71.83 71.54
Apr 72.01 72.60 72.31 71.54 72.13 71.83
May 72.19 72.78 72.49 72.21 72.87 72.54
Jun 73.45 74.04 73.75 73.28 73.87 73.58
Jul 74.10 74.69 74.40 73.63 74.22 73.92
Annual Avg 72.08 72.69 72.39 72.03 72.62 72.32

2006/07 Aug 74.35 74.94 74.65 74.46 75.05 74.76

Sep 73.60 74.19 73.90 74.08 74.67 74.37
Oct 72.59 73.19 72.89 73.18 73.77 73.47
Nov 72.30 72.89 72.60 71.86 72.46 72.16
Dec 71.45 72.04 71.75 71.45 72.04 71.74
Jan 71.10 71.69 71.40 70.98 71.57 71.28
Feb 70.35 70.94 70.65 70.54 71.13 70.84
Mar 70.50 71.09 70.80 70.56 71.15 70.85
Apr 68.40 68.99 68.70 69.30 69.90 69.60
May 65.70 66.29 66.00 66.07 66.66 66.36
Jun 65.40 65.99 65.70 64.91 65.50 65.20
Jul 64.85 65.44 65.15 64.92 65.51 65.21
Annual Avg 70.05 70.64 70.35 70.19 70.78 70.49

2007/08 Aug 65.87 66.46 66.17 64.90 65.49 65.20

Sep 65.00 65.59 65.30 65.59 66.18 65.89
Oct 63.20 63.80 63.50 63.72 64.31 64.02
Nov 63.05 63.65 63.35 63.24 63.84 63.54

* As per Nepalese Calendar.

Table 26
Price of Oil and Gold in the International Market

% Change
Mid-July Mid-November
Jul-Jul Nov-Nov
2005 2006 2007 2005 2006 2007 2005/06 2006/07 2006/07 2007/08
Oil ($/barrel)* 57.41 76.54 79.73 54.09 56.72 93.53 33.3 4.2 4.9 64.9
Gold ($/ounce)** 418.35 663.25 666.00 468.25 624.75 789.75 58.5 0.4 33.4 26.4

*Crude Oil Brent

** Refers to past London historical fix.
Sources: http://www.eia.doe.gov/emeu/international/crude1.xls and http://www.kitco.com/gold.londonfix.html