Nepal’s foreign exchange reserves hit Rs3.2 trillion as investment stalls

The country’s swelling foreign currency reserves now surpass half of its GDP.

Nepal’s foreign exchange reserves surged to an unprecedented Rs3.20 trillion by mid-December 2025—more than half of the country’s gross domestic product (GDP)—underscoring a paradox at the heart of the economy: ample liquidity amid sluggish growth, weak investment and widening job deficits.