KATHMANDU: The remittance inflows increased 22.1% to Rs 228.37 billion in the first two months of current fiscal year 2023/24, according to the macroeconomic and financial situation report released by Nepal Rastra Bank (NRB), on Tuesday.
The remittance had increased 19.8% in the same period of the previous fiscal year till mid-August.
In US Dollar terms, remittance inflows increased 17.7% to 1.73 billion in the review period compared to an increase of 11.3% in the same period of the previous year.
The number of Nepali workers (institutional and individual-new) taking approval for foreign employment decreased 28.3% to 74,455 in the review period.
The number of Nepali workers (Renew entry) taking approval for foreign employment decreased 18.3% to 32,004 in the review period. It had increased 70.6% in the first two months of the previous year.
Net transfer increased 21.9% to Rs 251.61 billion in the review period. Such a transfer had increased 19.5% in the same period of the previous year.
