Remittance Inflow Rises 21.2% in First Month of Fiscal Year
Summary
Remittance inflow rose 21.2% to Rs 2 kharba 15 arba 5 crore in the first month of the current fiscal year, according to Nepal Rastra Bank. Foreign employment approvals also remained high, with 70,441 people receiving permission to go abroad for work.
Key Points
- Remittance inflow increased 21.2% year-on-year to Rs 2 kharba 15 arba 5 crore in the first month of the fiscal year.
- In US dollar terms, remittance rose 10.2% to 1.40 billion dollars.
- Net secondary income reached 2 kharba 29 arba 98 crore during the review period.
- A total of 70,441 people received approval for foreign employment, including final work permits and re-work permits.
