Nepal receives Rs 187 billion in remittance in first two months of current FY

Published On: October 21, 2022 04:11 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Oct 21: The country received Rs 187 billion in remittances in the first two months of the current fiscal year (FY).

As per the data until the second month of the current fiscal year published by Nepal Rastra Bank today, remittance inflow has increased by 19.8 percent to Rs 187.04 billion in the review period against a decrease of 5.8 percent in the same period of the previous fiscal year.

In terms of US dollar, the remittance inflow has increased by 11.3 percent and reached USD 1.47 billion in the review period against the decrease of 5.3 percent in the same period of the previous fiscal year.

During the review period, the number of Nepali workers (institutional and individual-new) taking approval for foreign employment has increased by 169.9 percent and reached 103,898.

Similarly, the number of Nepali workers (renew entry) taking approval for foreign employment has increased by 70.6 percent and reached 39,189 in the review period. It had increased by 429.5 percent in the same period of the previous fiscal year.

Likewise, the net transfer increased by 19.5 percent and reached Rs 206.46 billion during the first two months. It had decreased by six percent in the same period of the previous fiscal year.

(RSS)