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

‘Foreign Exchange Reserves decreased by 2.96% over the previous year. The level of reserve continued to increase marginally over previous month after it reached at lowest level four months back. Based on the imports of three months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 9.8 months, and merchandise and services imports of 8.5 months.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.