Kathmandu. Foreign exchange reserves have reached about 13 trillion. In the five months of the current fiscal year 2079/80, the foreign reserves have reached 12 trillion 92 billion 56 million rupees.

Foreign reserves increased by 6.3 percent compared to the end of last June. The statistics of the current economic situation of the country published by the Nepal Rastra Bank on Friday showed this. According to Rashtra Bank, foreign reserves were equal to 12 trillion 15 billion 80 rupees till the end of last June.

Such reserves in US dollars have increased by only 3 percent in five months. By the end of November of the current year, such a reserve has been maintained at 9.82 billion. According to Rashtra Bank, it was 9.54 billion at the end of last June.

During that period, out of the total foreign exchange reserves, Nepal Rastra Bank has more than 11 trillion. Reserves in the National Bank increased by 7.8 percent in five months compared to the end of last June. By the end of November, this reserve has increased to 11 trillion 39 billion 22 billion rupees. By the end of last June, it was 10 trillion 56 billion 39 billion rupees.

Similarly, foreign exchange reserves with banks and financial institutions (except Nepal Rastra Bank) decreased by 3.8 percent. During that period, such reserves have been maintained at 1 trillion 53 billion 34 billion rupees. By the end of last June, it was 1 trillion 59 billion 41 crore rupees. The share of Indian currency in the total foreign exchange reserves is 22.9 percent.

Taking the import of five months of the financial year 2079-80 as the basis, it seems that the foreign exchange reserve with the banking sector will be enough to support 10 months of goods import and 8.7 months of goods and services import.

At the end of November, the ratios of foreign exchange reserves to gross domestic product, total imports, and broad money supply were 26.6 percent, 72.6 percent, and 23.0 percent, respectively. At the end of last June, these ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively.