KATHMANDU, June 9 (Xinhua) -- Nepal recorded an increase in both remittance inflows and foreign exchange reserves in the first 10 months of the current 2025-26 fiscal year compared with the same period in the previous fiscal year, the central bank said in a report on Tuesday.

The remittance inflows increased 33 percent to 13.26 billion U.S. dollars in the review period. The inflow had increased by 10.6 percent in the same period of the previous fiscal year, according to the Nepal Rastra Bank report. The South Asian country received 1.69 billion dollars in remittance in a single month between mid-April and mid-May.

Likewise, gross foreign exchange reserves increased 24 percent to 24.19 billion dollars in mid-May 2026 from 19.50 billion dollars in mid-July 2025.

"Based on the imports of the ten months of fiscal year 2025-26, the foreign exchange reserves are sufficient to cover the prospective merchandise imports of 22.6 months, and merchandise and services imports of 19.2 months," reads the report. ■