Gross Foreign Exchange Reserves of Nepalese Financial Systems for Mid-July 2020 (Ashadh 2077) increased by 34.9% over the previous year. Also, the level of reserve increased significantly over previous month. Based on the imports of annual data current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 14.4 months, and merchandise and services imports of 12.7 months. The improvement is due to twin effect of increased remittance and decrease imports.

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 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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