Remittance inflow hits record, rises 19 percent to Rs 1.723 trillion
Summary
Remittance inflow in Nepal for FY 2024/25 reached a record Rs 1.723 trillion, a 19.2% increase over the previous year, with significant growth in both remittance value and foreign labor approvals.
Key Points
- Remittance inflow in FY 2024/25 reached Rs 1,723.27 billion, a 19.2% increase from FY 2023/24.
- In FY 2023/24, remittance rose to Rs 1,445 billion, a 16.5% increase over the prior year.
- Monthly remittance for Asar 2082 was Rs 189.11 billion, up from Rs 117.78 billion the previous year.
- Nepal Rastra Bank reports that 505,957 Nepalis received new labor approval for foreign employment in FY 2024/25, up from 460,102 the previous year.
