Foreign Exchange Reserves Poush 2076. Source:Nepal Rastra Bank
Forex Reserves of Nepalese Financial System. Source:Nepal Rastra Bank

Gross Foreign Exchange Reserves increased marginally over the previous year. The level of reserve increased marginally over previous month after marginal decline in previous month. The year on year growth of reserve became positive for the third time past ten months. Based on the imports of six months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 9.6 months, and merchandise and services imports of 8.4 months.

1 Comment »

Leave a Reply

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