Nepal’s foreign exchange reserves have surged to Rs 2.49 trillion, marking a significant improvement in the country’s external financial position.
According to the Macroeconomic and Financial Situation Report for the first eight months of the current fiscal year released by Nepal Rastra Bank (NRB), this figure represents an 18 percent increase compared to mid-July of FY 2023/24.
In U.S. dollar terms, the reserves have reached $17.27 billion—up by 13.1 percent from the same period last year.
Based on the current import trends of FY 2024/25, the NRB reports that the existing foreign exchange reserves are sufficient to cover 17.2 months of merchandise imports and 14.3 months of combined goods and services imports, offering a comfortable buffer for the economy.
Meanwhile, remittance inflows have also shown steady growth, rising by 9.4 percent to reach Rs 1.51 trillion over the same period. While this is a slower pace compared to the 18.3 percent growth recorded last year, it continues to play a crucial role in bolstering the nation’s foreign exchange reserves.
