Gross Foreign Exchange Reserves of Nepalese Financial System: Shrawan 2076 (Mid August 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

Foreign Exchange Reserves decreased by 2.59% over the previous year. The level of reserve increased marginally over previous month after it reached at lowest level two months back. Based on the imports of first month of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 10.2 months, and merchandise and services imports of 8.8 months.

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