Nepal's Foreign Exchange Reserves Reach Record High
Summary
Nepal's foreign exchange reserves have reached a record high of 3.413 trillion rupees, sufficient to cover over 18 months of imports, indicating a strong economic position.
Key Points
- Nepal's foreign exchange reserves reached 3.413 trillion 770 million rupees by the end of Falgun 2082/83 fiscal year.
- Reserves increased by 27.5% from 2.677 trillion 640 million rupees at Ashar 2082 to current level.
- US dollar reserves rose by 18.3%, reaching 23.08 billion dollars by end of Falgun.
- Foreign exchange reserves cover 21.4 months of merchandise imports and 18.5 months of merchandise plus service imports, indicating strong economic security.
