Gross Foreign Exchange Reserves of Nepalese Financial Systems for as on Mid-May 2021 (Baishakh 2078) increased by 12.6% over the previous year. However, the level of such reserve decreased 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 first ten months of current fiscal year, the forex reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.4 months, and merchandise and services imports of 10.3 months.
Acronym for Months used in Month – Axis of Graph
|Months Short||Months Full||Equivalent English Month|
|S||Shrawan||Mid July to Mid August|
|Bh||Bhadra||Mid Aug to Mid Sep|
|As||Ashwin||Mid Sep to Mid October|
|Ka||Kartik||Mid Oct to Mid November|
|M||Mangsir||Mid Nov to Mid December|
|P||Poush||Mid Dec to Mid January|
|M||Magh||Mid Jan to Mid February|
|F||Falgun||Mid Feb to Mid March|
|C||Chaitra||Mid March to Mid April|
|B||Baishak||Mid April to Mid May|
|J||Jestha||Mid May to Mid June|
|A||Ashadh||Mid June to Mid July|