The weakening of the Nepali currency has been observed to have an impact across various sectors. With the depreciation of the currency, the prices of goods imported in dollars tend to increase. This phenomenon not only affects the purchasing power of consumers but also poses challenges for businesses relying on imports. The potential for inflation to rise in Nepal due to this currency devaluation is a concern that is being closely monitored.
Ramesh Khatri, a representative of Kansai Nepal News, remarked that the fluctuation in the Nepali currency could have far-reaching consequences for the economy. He emphasized the need for policymakers to address the root causes of the currency’s weakness and implement measures to stabilize its value. According to Khatri, a proactive approach is essential to mitigate the adverse effects of currency depreciation on businesses and the general population.
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Author: MAYA | HARUTO
Posted at: February 20, 2025 7:00 pm
