Nepal records remittance inflows of Rs. 477.96 million in four months

Kathmandu: Nepal has recorded a remittance inflow worth Rs. 477.96 billion in four months.

According to a report on the current macroeconomic and financial situation of Nepal based on the data ending in mid-November, remittance inflows increased by 26.4 percent to touch Rs. 477.96 billion.

There was an increase of 20.4 percent in the remittance flows in the corresponding period of the previous year. In the US Dollar terms, remittance inflows increased 23.1 percent against 10.8 percent in the corresponding year to touch 3.60 billion in the review period.

The central bank published the report today. Similarly, in the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stands at 137,475, and getting approval for renewed entry stands at 68,841.

Last year, such numbers were 196,735 and 87,428 respectively. Net transfer increased 24.9 percent to Rs.521.40 billion in the review period. Such a transfer had increased by 20.2 percent in the same period of the last fiscal year.

RSS