Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that the lack of liquidity in the market will increase in the month of January. He said this while addressing the 13th Annual General Meeting of Nepalese Association of Financial Journalists (NAFIJ) on Wednesday.
He said that although the liquidity in the market has eased a bit now, there will be a challenge in the liquidity situation in the month of January. Governor Adhikari said that the NRB is working on how to tackle the liquidity challenge. Governor Adhikari said that in the last fiscal year, NRB sent 9.7 trillion rupees to the market to ease the liquidity situation. He said that even though the NRB is doing the necessary work, there is still no ease in the market.
He also clarified that the liquidity crunch in the market has eased a bit due to good remittances inflow in the last few days. He opined that there is a need for money recycling in the market to ease the lack of liquidity.
Governor Adhikari was of the opinion that if the loans taken from the banks are paid back, then the liquidity crunch in the market will ease to some extent. He said that if we start saying that the distortions in the financial sector should not be corrected at the time of crisis, the economy cannot be improved. Governor Adhikari also said that the NRB is ready for open discussion and cooperation with the private sector. He also said that now imports have been allowed and various policies have been introduced to maintain a balance in the economy.
