Nepal records Rs 480.5bn remittance inflows in first five months of FY 2022/23

KATHMANDU: Remittance inflows amounted to Rs 480.50 billion in the first five months of the current fiscal year 2022/23, according to data released by Nepal Rastra Bank (NRB). The inflow amount is an increase of 23.0% against a decrease of 6.3% in the same period of the previous fiscal year. In US Dollar terms, remittance inflows increased 13.1% to 3.71 billion in the period of five months ending mid-December 2022. Net transfer increased 21.6% to Rs 530.06 billion in the review period. Such a transfer had decreased 5.3% in the same period of the previous year. READ ALSO:

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