Gross Foreign Exchange Reserves of Nepalese Financial Systems for as on Mid-July 2021 (Ashadh 2078) decreased marginally over the previous year. However, the level of such reserve increased marginally over previous month.

We apply foreign exchange reserves mainly for the import of merchandise and services and measure adequacy of such reserves accordingly. Therefore, based on the imports of current fiscal year, the forex reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months, and merchandise and services imports of 10.2 months.

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