Remittance inflow surges 41.2pc to Rs 1.92 trillion in 10 months
Summary
Remittance inflows to Nepal surged by 41.2% to Rs 1.92 trillion in the first 10 months of the fiscal year, with a 33% rise in US dollar terms to $13.26 billion, driven by increased foreign employment.
Key Points
- Remittance inflows to Nepal rose sharply by 41.2% to Rs 1.92 trillion in the first 10 months of the fiscal year.
- In US dollar terms, remittance earnings increased by 33% to $13.26 billion during the review period.
- Net secondary income, largely driven by remittances, climbed to Rs 2.09 trillion from Rs 1.48 trillion last fiscal year.
- 335,510 Nepalis obtained first-time labour permits for foreign employment during the 10-month period, while 326,364 received approvals for re-entry.
