Kathmandu. According to the Nepal Rastra Bank, the country’s treasury has a reserve of around Rs 35 trillion at mid-April of the current fiscal year. According to the Nepal Rastra Bank, the total foreign exchange reserves stood at Rs 3.494 trillion as of mid-April. The total foreign exchange reserves increased by 30.5 percent compared to Rs.2677.68 billion in the corresponding period of the last fiscal year.

Such reserves in US dollar terms increased by 20.8 percent from Rs 19.5 billion in mid-July 2082 to Rs 23.55 billion in mid-July 2082. Out of the total foreign exchange reserves, the reserve of Nepal Rastra Bank increased by 27.7 percent to Rs.3082.41 billion as of mid-July 2082 from Rs.2,414.64 billion in mid-July 2082.

The foreign exchange reserve with the banks and financial institutions (excluding Nepal Rastra Bank) has increased by 56.8 percent to Rs.412.32 billion as of mid-July 2082 from Rs.263.04 billion in mid-July 2082. The share of Indian currency in the total foreign exchange reserves was 20.4 percent as of mid-April 2008.

Based on the imports of the nine months of the fiscal year 2082÷83, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 21.8 months and goods and services for 18.4 months. As of mid-April 2008, the ratio of foreign exchange reserves to Gross Domestic Product (GDP), total import and broader currency supply stood at 57.2 percent, 153.1 percent and 41.2 percent respectively. Such ratios were 43.8 percent, 128.1 percent and 34.1 percent respectively in mid-July 2018.