Remittance Inflow Sees Historic Growth in Nepal
Summary
Nepal’s remittance inflow has surged to a historic high of 23 kharba 63 arba 13 crore rupees in fiscal year 2082/83, up 37.1 percent from the previous year. The growth came even as final labor approvals for foreign employment declined, while re-labor approvals increased.
Key Points
- Nepal received 23 kharba 63 arba 13 crore rupees in remittances in fiscal year 2082/83, a 37.1 percent increase year on year.
- In dollar terms, remittance inflow rose 28.1 percent to 16 arba 19 crore dollars.
- Remittance inflow in Asar reached 242 arba 33 crore rupees, up sharply from 179 arba 11 crore in the same month last year.
- Final labor approvals for foreign employment fell to 4 lakh 6 thousand 519, while re-labor approvals increased to 3 lakh 85 thousand 783.
