Remittance inflow declines « Khabarhub
Sunday, July 14th, 2024

Remittance inflow declines


23 September 2021  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The inflow of remittances has decreased in the first month of the current fiscal year.

As per the details of the current fiscal year released by Nepal Rastra Bank Thursday, the remittance inflow decreased by 18.1 percent to Rs. 75.96 billion in July. The remittance inflow had increased by 23 percent in the corresponding period of the previous year.

In US dollar terms, remittance inflows declined by 17.5 percent to Rs 638.2 million. Such inflows had increased by 14.5 percent in the previous year.

During the same period, the number of Nepalis seeking final labor permits (institutional and individual-new and verification) for foreign employment has increased significantly to 13,800. The number had decreased by 99.2 percent in the corresponding period of the previous year.

Similarly, the number of Nepalis seeking re-labor permit for foreign employment increased by 286.1 percent during the review period to 11,628. The number had decreased by 80 percent in the corresponding period of the previous year.

Net transfer income decreased by 16.4 percent to Rs. 85.21 billion during the review period. Such transfers had increased by 20 percent in the corresponding period of the previous year.

Publish Date : 23 September 2021 21:33 PM

Simaltal landslide update: Three dead bodies identified

BHARATPUR: The identities of all three bodies found in the

FBI leads investigation into Trump assassination attempt at campaign rally

WASHINGTON: Former U.S. President Donald Trump said late Saturday that

Search for missing buses and passengers in Trishuli river continues into third day

KATHMANDU: The search for two passenger buses swept away into

Public Interest Litigation versus Publicity Interest Litigation

Nepalese courts, once regarded as bastions of equity, face yet

Uruguay beats Canada on penalties to finish Copa América in 3rd place

Uruguay won their second penalty shootout in this edition to