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Soaring forex reserve: Can it become a stepping stone for long-term development?

KATHMANDU: Nepal’s foreign exchange reserves have swelled to US Dollar $11.65 billion, or Rs 1,402 billion, in mid-July from $9.5 billion (Rs 1,039 billion) a year ago. In one year, the foreign exchange reserves of the country rose by $2.15 billion (Rs 363 billion). This is the highest amount of...

Soaring forex reserve: Can it become a stepping stone for long-term development?
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