Nepal records Rs 187.04bn remittance inflows in first two months of FY 2022/23

KATHMANDU: Remittance inflows increased 19.8% to Rs 187.04 billion in the first two months of the current fiscal year 2022/23, according to macroeconomic data released by Nepal Rastra Bank on Friday. The country had witnessed a decrease of 5.8% in the same period of the previous year. In US Dollar terms, remittance inflows increased 11.3% to 1.47 billion in the review period against a decrease of 5.3% in the same period of the previous year. Likewise, number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 169.9% to 103,898 in the review period. Likewise, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 70.6% to 39,189 in the review period. It had increased 429.5% in the same period of the previous year. The net transfer increased 19.5% to Rs 206.46 billion in the review period. Such a transfer had decreased 6.0% in the same period of the previous year. READ ALSO:

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