Gross Foreign Exchange Reserves of Nepalese Financial Systems for as Mid-Apr 2021 (Chaitra 2077) increased by 24% over the previous year. However, the level of reserve decreased marginally over previous month. Based on the imports of first nine months of current fiscal year, the forex reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.9 months, and merchandise and services imports of 10.8 months.

Gross Foreign Exchange Reserves of Nepalese Financial System ~ Apr 2021. Source:Nepal Rastra Bank
Gross Foreign Exchange Reserves of Nepalese Financial System ~ Apr 2021. Source:Nepal Rastra Bank

Acronym for Months used in Month – Axis of Graph

Months ShortMonths FullEquivalent English Month
SShrawanMid July to Mid August
BhBhadraMid Aug to Mid Sep
AsAshwinMid Sep to Mid October
KaKartikMid Oct to Mid November
MMangsirMid Nov to Mid December
PPoushMid Dec to Mid January
MMaghMid Jan to Mid February
FFalgunMid Feb to Mid March
CChaitraMid March to Mid April
BBaishakMid April to Mid May
JJesthaMid May to Mid June
AAshadhMid June to Mid July
Acronym

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