Weekly Summary
Across the week, Nepal’s political agenda centered on governance and institutional accountability, including Prime Minister Balendra Shah’s push for local land-administration transfer and Parliament’s focus on major appointments such as the Japan ambassador nominee’s hearing decision after questions over Permanent Residency status. Legal and oversight developments escalated with corruption allegations involving former prime minister Sher Bahadur Deuba over land-swap-related irregularities, the CIAA arrest of Bhojraj Ghimire tied to an alleged Rs 3.3 million bribe, and delays in transitional justice highlighted by TRC Act implementation obstacles. Public pressure and crisis response also shaped events, from Dr. Govinda KC’s six-point agreement ending his 25th hunger strike to the disaster toll and recovery logistics after the Bhote Koshi flash floods reporting missing people counts and major damage estimates, alongside tourism promotion through Visit Nepal’s TikTok campaign.
Forex remained relatively stable over the week: USD/NPR moved within 150.56-150.56 (0.00% net change), starting at NPR 150.56 on Nov 01 and ending at NPR 150.56 on Nov 08; other major pairs traded in narrow ranges (CAD 106.94-106.94, AUD 103.43-103.43, GBP 201.55-201.55, JPY 9.51-9.51). international gold closed near NPR 229,863 per tola; international silver closed near NPR 2,935.
