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KATHMANDU: Remittances inflow in the country increased 4.8 percent in Nepalese rupee and 2.2 percent in US Dollar in the fiscal year 2078/079 BS, according to the Nepal Rastra Bank (NRB).
Releasing the Current Macroeconomic and Financial Situation of Nepal, the NRB said remittance inflows increased 4.8 percent to Rs 1007.31 billion during 2021/022 compared to 9.8 percent in the previous year.
In the US Dollar terms, remittance inflows increased 2.2 percent to 8.33 billion in the review year against an increase of 8.2 percent in the previous year.
Likewise, the number of Nepali migrant workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 354,660 in the review year.
It had decreased 62.8 percent in the previous year. The number of Nepali workers taking approval for foreign employment increased 198.5 percent to 282,453 in the review year.
It had decreased 46.8 percent in the previous year.