Remittance inflow surges 38.2% to Rs 2.12 trillion in 11 months
Summary
Nepal received Rs 2.12 trillion in remittances in 11 months of the fiscal year, a 38.2% rise over last year, with over 367,000 Nepalis obtaining first-time labor permits abroad.
Key Points
- Nepal received Rs 2.12 trillion in remittances during the first 11 months of the current fiscal year, a 38.2 percent increase compared to last year.
- Remittance inflows reached Rs 203.89 billion in mid-June alone, up from Rs 176.32 billion in the same month last year.
- Net secondary income (net transfers) rose to Rs 2.321 trillion, compared with Rs 1.669 trillion a year earlier.
- 367,211 Nepalis obtained first-time labour permits for foreign employment and 355,735 renewed their permits during the period.
