Remittance inflow increases by 25.3 percent in eight months

Kathmandu: Remittance inflow has increased by 25.3 percent in eight months of the current fiscal year, 2022/23.

According to the eight months’ data published by Nepal Rastra Bank, as per the current macroeconomic and financial situation of Nepal, the inflows reached Rs 794.32 billion.

There was a 1.3 percent decrement during the same period in the previous fiscal year.

In US dollar terms, the remittance inflows increased by 14.8 percent to 6.09 billion in the review period against a decrease of 2.6 percent in the same period of the corresponding year.

Likewise, the number of Nepali workers (institutional and individual-new) taking approval for foreign employment surged 54.3 percent to 351,761.

The number of Nepali workers getting their labor permit renewed increased eight percent to 192,559, a 240.3 percent increment against during the same period in the previous year.

RSS