Remittance Inflows Falls By 18.1 Percent In Shrawan

September 24, 2021 | Investopaper

Remittance inflows decreased 18.1 percent to Rs. 75.96 billion in the month of Shrawan, 2078 BS (Mid July-Mid August 2021) in contrast to an increase of 23.0 percent in the same period of the previous year. In the US Dollar terms, remittance inflows decreased 17.5 percent to 638.2 million in the review period against a growth of 14.5 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 13,800 in the review period. It had decreased 99.2 percent in the same period of the previous year. Likewise, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 286.1 percent to 11,628 in the review period. It had decreased 80.0 percent in the same period of the previous year.

Likewise, the net transfer decreased 16.4 percent to Rs.85.21 billion in the review period. Such a transfer had increased 20.0 percent in the same period of the previous year.


Suggested Readings:

5 Reasons For Rise In Remittance Flow During COVID19

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