Nepal records Rs 689.88bn remittance inflows in 7 months of FY 2022/23

KATHMANDU: Remittance inflows amounted to Rs 689.88 billion in the first seven months of current fiscal year 2022/23, according to data released by Nepal Rastra Bank. The inflow amount is 27.1% against a decrease of 4.4% in the same period of the previous year. In US Dollar terms, remittance inflows increased 16.4% to 5.30 billion in the review period against a decrease of 5.3% in the same period of the previous year. Number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 57.3% to 314,767 in the review period. The number of Nepali workers (Renew entry) taking approval for foreign employment increased 10.1% to 167,708 in the review period. The number of workers taking approval had increased 265.9% in the same period of the previous year. Likewise, net transfer increased 25.2% to Rs 759.11 billion in the period of seven months. Such a transfer had decreased 3.7% in the same period of the previous year. READ ALSO:

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