Nepal recorded a high in remittances, receiving 1,327.51 bln rupees during the first 11 months of FY23/24, marking a 19.3% increase. In USD terms, remittance inflows rose by 17.3% to USD 9.98 bln. The current account showed a surplus of 200.39 bln rupees, improving from a deficit last year. Meanwhile, FX reserves increased by 25.7% to USD 14.7 bln by mid-June, covering about 12.6 months of imports.