Gross Foreign Exchange Reserves of Nepalese Financial System: Baishakh 2076 (Mid May 2019)

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

Gross Foreign Exchange Reserves of Nepalese financial system decreased marginally over the corresponding period of previous year. The level of reserve increased marginally in May 2019 after reaching a record low in past 13 months in April 2019. Based on the imports of ten months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 9.1 months, and merchandise and services imports of 8 months.

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