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Economic and Social Survey of Asia and the Far East 1956

image of Economic and Social Survey of Asia and the Far East 1956

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

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Nepal

Efforts to achieve currency and exchange stability, and the adoption of a five-year plan, appear as the main events of the year in the Nepalese economy. Restrictions on currency issue, introduction of selective import control and active participation by the newly formed Central Bank (Nepal Rashtra Bank) in the monetary affairs of the country somewhat strengthened the exchange position of the mohur (Nepali rupee) against the Indian rupee. Steps taken by the Government to revive the entrepôt trade and reform its tariff policy were also expected to contribute to exchange stability. Nepal's draft Five-Year Plan (1956/57–1960/61) appeared likely to have the support of substantial foreign aid to help assure its implementation.

English

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