Kathmandu. The country’s foreign exchange reserves are sufficient to sustain the import of goods for 17 and a half months.
Nepal Rastra Bank (NRB) has released this data for the 11 months of the current fiscal year. According to the data, the total foreign exchange reserves increased by 25.9 percent from Rs 2,041.10 billion in mid-June 2081 to Rs 2,569.38 billion in mid-June 2082. Such reserves in US dollar terms increased by 22.2 percent from Rs 15.27 billion in mid-June 2081 to Rs 18.65 billion in mid-June 2082.
Considering the imports for the 11 months of the current fiscal year, the foreign exchange reserves with the banking sector will be sufficient to sustain 17.6 months of goods imports and 14.7 months of goods and services imports.
The ratios of foreign exchange reserves to GDP, total imports and foreign exchange reserves stood at 42.1 per cent, 122.9 per cent and 34.1 per cent, respectively. The ratios were 35.8 per cent, 108.6 per cent and 29.3 per cent respectively in mid-July 2081.
