KATHMANDU, Sept. 15 (Xinhua) -- Nepal recorded an increase in both remittances and foreign exchange reserves in the first month of the current 2025-26 fiscal year starting in mid-July, the central bank said on Monday.
Remittance inflows increased 25 percent to 1.27 billion U.S. dollars between mid-July and mid-August.
Meanwhile, forex reserves grew 2.7 percent to 20.03 billion dollars during the period.
Based on imports in the first month of 2025-26, foreign exchange reserves were sufficient to cover prospective merchandise imports for 20.4 months and merchandise and services imports for 16.6 months, the bank said.
