Kathmandu. According to the Nepal Rastra Bank, the total foreign exchange deposit has reached Rs 3.055 trillion.

Such reserves have reached Rs 21.52 billion in US dollars. Such reserves are sufficient to sustain the import of goods and services for 17.4 months.

According to the NRB, the total foreign exchange reserves increased by 14.1 percent to Rs 3055.52 billion as of mid-October 2082 from Rs 2.677 trillion in mid-July 2082.

Such reserves were Rs 19.5 billion in US dollars as of mid-July 2022. It increased by 10.3 percent to Rs 21.52 billion in mid-November 2018.

Out of the total foreign exchange reserves, the reserve of Nepal Rastra Bank (NRB) increased by 12.8 per cent to Rs 2,724.66 billion as of mid-July from Rs 2,414.64 billion as of mid-July 2022.

The foreign exchange reserves with the banks and financial institutions (except Nepal Rastra Bank) stood at Rs 263.04 billion as of Ashad Ashad 2082 BS. It increased by 25.8 percent to Rs 330.85 billion in mid-November 2018. The share of Indian currency in the total foreign exchange reserves was 21.9 percent in mid-November.

Based on the imports up to the fourth month of the fiscal year 2082/83, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 20.8 months and goods and services for 17.4 months.

The ratio of foreign exchange reserves to Gross Domestic Product (GDP), total import and broader currency supply stood at 50.0 percent, 144.9 percent and 37.8 percent respectively. Such ratios were 43.8 percent, 128.1 percent and 34.1 percent respectively in mid-July 2018.