Kathmandu, October 21
As of the central bank data, the country has foreign currencies worth USD 9.35 billion as of mid-September. It is two per cent less than the amount the country had two months ago (mid-July): USD 9.54 billion.
Of this amount, 24.3 per cent is covered by the Indian currency.
Of the existing foreign currency as of mid-September, the central bank holds Rs 1.051 trillion whereas other banks and financial institutions hold Rs 1.376 trillion.
In this period, remittance inflow in the country increased by 11.3 per cent in terms of USD and by 19.8 per cent in terms of the Nepali currency (due to changing exchange rates). However, it could not be helpful in improving the country’s foreign exchange reserves.