Remittance Increases 3.8 Percent To Rs. 904 Billion In Eleven Months

July 12, 2022 | Investopaper

Remittance inflows increased3.8 percent to Rs.904.18 billion in the first eleven months of the current fiscal year 2021/22 compared to 12.6 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 1.5 percent to 7.51 billion in the review period against an increase of 10.5 percent in the same period of the previous year.

Similarly, the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 313,367 in the review period. It had decreased 68 percent in the same period of the previous year. The number of Nepali workers (Renew entry) taking approval for foreign employment increased 208.3 percent to 259,091 in the review period. It had decreased 52.1 percent in the same period of the previous year.

Likewise, the net transfer increased 3.6 percent to Rs.1006.07 billion during this period. Such a transfer had increased 11.5 percent in the same period of the previous year.


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