Gross Foreign Exchange Reserves for Falgun 2076 (Mid-March 2020) increased by 7.05% over the previous year. Also, the level of reserve increased significantly over previous month. The year on year growth of reserve became positive for the fifth time past eleven months. Based on the imports of eight months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 10 months, and merchandise and services imports of 8.8 months. However, situation will become worse due to effect of COVID-19 in the days to come.

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

Acronym for Months used in X- 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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