Foreign Exchange Reserves Reach NPR 3946 Billion
Summary
Nepal’s foreign exchange reserves have risen to NPR 3,946 billion by the end of Shrawan in the current fiscal year, enough to cover 21.8 months of merchandise imports. The current account and balance of payments also posted strong surpluses, while foreign direct investment reached NPR 1.01 billion.
Key Points
- Nepal’s foreign exchange reserves reached NPR 3,946 billion (USD 25.84 billion) by the end of the first month of fiscal year 2083/84.
- The reserves are sufficient to cover 21.8 months of merchandise imports and 18.8 months of merchandise and services imports.
- The current account recorded a surplus of NPR 94.59 billion, while the balance of payments showed a surplus of NPR 90.34 billion.
- Foreign direct investment (equity only) totaled NPR 1.01 billion during Shrawan.
