NU
Wed, 11 June 2025
Kathmandu – Nepal Rastra Bank (NRB) has said that the Himalayan nation’s foreign exchange reserves rose by 20.5%, increasing from USD 15.27 billion to USD 18.40 billion.
In a report published on 10th June, the central bank said that commercial banks and financial institutions (excluding NRB) held NPR 301.83 billion, up 56.8% from NPR 192.55 billion. Indian currency made up 21.2% of the total reserves as of mid-May 2025.
Meanwhile, newly appointed Governor of Nepal Rastra Bank, Dr Biswo Nath Poudel, has said the forthcoming monetary policy would focus on reforming the country’s economic sector.
Addressing a programme organised in far western town of Dhangadhi, Governor Poudel said various incidents created problems in national economy, he said, adding that the concerns would be identified and correction measures taken accordingly. He said there was a need to improve relations among bank and financial institutions and the businesspersons so that national economy would be dynamic.
