KATHMANDU: Remittance inflows has decreased 4.9 percent to Rs.540.12 billion in the review period against an increase of 10.9 percent in the same period of the previous year.

In the US Dollar terms, remittance inflows decreased 5.8 percent to 4.53 billion in the review period against an increase of 6.8 percent in the same period of the previous year.

According to the report based on Seven Months’ Data Ending Mid-February of the Fiscal Year 2021/22 published by Nepal Rastra Bank, the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 200,102 in the review period. It had decreased 85.4 percent in
the same period of the previous year.

The number of Nepali workers (Renew entry) taking approval for foreign employment increased 265.9 percent to 152,325 in the review period. It had decreased 73.1 percent in the same period of the previous year.

Similarly, Net transfer decreased 4.2 percent to Rs.603.73 billion in the review period. Such a transfer had increased 8.9 percent in the same period of the previous year.