KATHMANDU: Nepal’s total foreign exchange reserves crossed Rs 3.7 trillion by mid-May of the current fiscal year, according to a report published by the Nepal Rastra Bank on Tuesday.
The central bank stated that total foreign exchange reserves increased by 38.3 percent to Rs 3,704.55 billion as of mid-May 2026, up from Rs 2,677.68 billion recorded in mid-July 2025.
Of the total reserves, holdings with the Nepal Rastra Bank rose by 36.6 percent to Rs 3,298.38 billion from Rs 2,414.64 billion during the same period.
According to the report, based on imports recorded during the first ten months of the fiscal year 2025/26, the foreign exchange reserves held by the banking sector are sufficient to finance 22.6 months of merchandise imports and 19.2 months of merchandise and services imports.
The report also shows improvements in key reserve indicators. As of mid-May, foreign exchange reserves stood at 60.7 percent of gross domestic product (GDP), 159.7 percent of total imports, and 43.3 percent of broad money supply.
In comparison, the corresponding ratios in mid-July 2025 were 43.8 percent, 128.1 percent, and 34.1 percent, respectively.
