Remittance increases by 24.2 percent in 9 months


May 10, 2023


Remittance increases by 24.2 percent in 9 months

Nepal Rastra Bank. (File photo)

KATHMANDU: In the 9 months of the current financial year 2079/80, the remittances have increased by 24.2 percent.

In the month of Chaitra (15 March- 13 April) alone, Rs. 109 billion have been received in remittances.

According to the data of the current economic and financial situation of the country released by the research department of Nepal Rastra Bank on Wednesday, the remittance of 903 billion rupees till Chaitra. In the same period of the previous year, the remittance inflow decreased by 0.2 percent.

The remittance inflow in US dollars increased by 13.9 percent to 6.92 billion. In the previous year, such flow had decreased by 1.8 percent.

During the review period, the number of Nepalis who took the final work permit (institutional and individual-new) for foreign employment increased by 51.5 percent. During this period, 387,839 people have taken new work permits.

The number of Nepalis who re-take work permit for foreign employment has increased by 5.5 percent. As of Chaitra, 217,959 people have taken work permits again.