Forex Reserve : Nov 2020
Gross Foreign Exchange Reserves of Nepalese Financial Systems for Mid-Nov 2020 (Kartik 2077) increased by 36.5% over the previous year. Also, the level of reserve increased significantly over previous month. […]
Grow Through Proactive Risk Management
Gross Foreign Exchange Reserves of Nepalese Financial Systems for Mid-Nov 2020 (Kartik 2077) increased by 36.5% over the previous year. Also, the level of reserve increased significantly over previous month. […]
Gross Foreign Exchange Reserves of Nepalese Financial Systems for Mid-Nov 2020 (Kartik 2077) increased by 36.5% over the previous year. Also, the level of reserve increased significantly over previous month. Based on the imports of first four months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 15.4 months, and merchandise and services imports of 14 months. The improvement is due to twin effect of increased remittance and decrease imports.
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 |
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