Yeah.
This evidently takes place a few years after the Battle of Jakku. A time when the Empire had been almost entirely defeated/disbanded, but was still quasi-operational within a few random pocket-factions here and there. That's why Karga mentioned that Imperial credits "still spend", but the Mandalorian refused to accept them(even if it meant taking half the pay.)
This show is great so far.
One of the elements I like is how Mandalorian is just sort of piecing his armor together bit by bit. Whenever he earns an ingot of beskar steel he has to forged into a new piece of armor. Really cool detail.
I also read that this season has 8 episodes. I wonder if his armor will be complete by the end or if it will still be incomplete?