Remittance Inflow Surges Nearly 40% in First Seven Months of Fiscal Year 2082/83
Summary
Nepal's remittance inflow surged nearly 40% to NPR 1.261 trillion in the first seven months of fiscal year 2082/83, reaching $8.86 billion USD, with a sharp increase in foreign employment permits issued.
Key Points
- Remittance inflow increased by 39.8 percent to NPR 1.261 trillion in the first seven months of fiscal year 2082/83.
- Remittance inflow in US dollars rose by 33 percent to $8.86 billion during the same period.
- Remittances worth NPR 198.08 billion were received in the month of Magh alone, up from NPR 137.50 billion last year.
- 245,153 Nepalis obtained new final work permits for foreign employment, while 227,424 took re-entry permits in the period.
