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Tourists Arrived, Dollars Didn't: Nepal's Tourism Earnings Slip Despite Visitor Boom

Nepal recorded a sharp rise in foreign tourist arrivals in June 2026, but tourism earnings failed to keep pace, while spending on overseas education continued to far exceed the country's tourism income, exposing growing pressure on the nation's foreign exchange reserves.

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Tourists Arrived, Dollars Didn't: Nepal's Tourism Earnings Slip Despite Visitor Boom

Nepal welcomed 91,363 foreign tourists in June 2026, marking a 19.5 percent increase compared to the same month last year, according to the Nepal Tourism Board. Despite the impressive growth in arrivals, the latest report from Nepal Rastra Bank reveals that tourism revenue has failed to reflect the increase in visitor numbers. During the first 11 months of fiscal year 2025/26 (2082/83 BS), Nepal earned Rs 82.22 billion from tourism, slightly lower than the Rs 82.33 billion recorded during the same period a year earlier. Analysts attribute the gap primarily to the large share of visitors arriving from SAARC countries, particularly India, who generally spend less through formal channels, as well as Nepal's limited high-end tourism offerings and the growing number of budget travelers. The report also highlights a widening imbalance in the country's service account, with Nepali students spending Rs 132.23 billion on overseas education during the review period—over Rs 50 billion more than the country's total tourism earnings. Combined spending on education and foreign travel reached Rs 193.65 billion, contributing to a service account deficit of Rs 72.54 billion and underscoring the increasing strain on Nepal's foreign exchange position.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.