Nepal's Remittance Inflows Surge by 37.7 Percent in First Eight Months of FY 2082/83
Summary
Nepal's remittance inflows surged by 37.7% in the first eight months of FY 2082/83, reaching over 1.449 trillion rupees, with a significant increase also noted in renewed labor permits despite a decline in new ones.
Key Points
- Remittance inflows to Nepal increased by 37.7 percent in the first eight months of fiscal year 2082/83, totaling 1.449 trillion 650 million rupees.
- Remittance inflows in US dollars rose by 31 percent to reach 10.15 billion dollars during the same period.
- The number of Nepalis obtaining new labor permits for foreign employment decreased compared to the previous year, from 317,068 to 273,536.
- Renewed labor permits increased from 217,403 to 251,985 in the first eight months of fiscal year 2082/83 compared to last year.
