April 8: At a time when news reports have been warning of economic slump in the country, the central bank of the country, Nepal Rastra Bank (NRB), has said the overall economic situation of the country was not in tailspin.    
Speaking at a programme organized in the capital on Thursday, Executive Director and Spokesperson of NRB Dr Gunakar Bhatta insisted that although the economy witnessed some stress due to liquidity and inflation, the pillars of economy were still strong. He admitted that Nepal's economy has been affected by the impact of Russia-Ukraine war. It affected our supply system, he added.    
Bhatta further informed that although the foreign exchange reserves were slightly lower than the corresponding period of the last fiscal year, there was no need to panic at all. As the COVID-19 impact is subsiding, positive changes would be seen in economy, Bhatta assured.    
The government has tightened the import of luxurious goods, said Bhatta, adding, "Currently, we have the reserves sufficient to import goods and services for six and half months." -- RSS