Nepal Rastra Bank reports that the country’s foreign exchange reserves reached Rs. 25 kharba 69 arba 38 crore by the end of 11 months in FY 2081/82 — a 25.9% rise compared to the same period last year.
As per the latest statistics published by Nepal Rastra Bank, Nepal’s foreign exchange reserves have reached Rs. 25 kharba 69 arba 38 crore during the first eleven months of the current fiscal year 2081/82. This marks a 25.9 percent increase compared to the same period of the previous year.
By the end of Ashar 2081, the reserves had stood at only Rs. 20 kharba 41 arba 10 crore. According to Nepal Rastra Bank, the current level of reserves is sufficient to cover 17.6 months of goods imports and 14.7 months of combined goods and services imports.
In U.S. dollar terms, the reserves have increased by 22.2 percent, reaching USD 18.65 billion. At the end of Ashar 2081, the reserves were at USD 15.27 billion.
A significant portion of the total foreign exchange reserves is held by Nepal Rastra Bank itself. The central bank currently holds Rs. 22 kharba 74 arba 47 crore, up from Rs. 18 kharba 48 arba 55 crore in the same period last year. Similarly, the reserves held by banks and financial institutions rose from Rs. 1 kharba 92 arba 55 crore to Rs. 2 kharba 94 arba 92 crore.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
