Nepal receives Rs7 billion in remittances daily
Summary
Nepal receives an average of Rs7 billion daily in remittances, reaching a record Rs209.75 billion monthly between mid-March and mid-April 2026, despite a decline in labor migration amid geopolitical tensions in West Asia.
Key Points
- Nepal receives an average of Rs7 billion in remittances daily, reaching Rs209.75 billion monthly between mid-March and mid-April 2026.
- Remittance inflows in the first nine months of the fiscal year rose 39.1% to Rs1.65 trillion despite a 3.36% decline in migrant workers.
- Nepali rupee depreciation against the US dollar and digitalisation of remittance transfers boosted remittance inflows.
- Nepal’s labor market is expanding beyond Gulf countries, with remittances from students and immigrants in Europe, Japan, Australia, and the US also strong.
