Nepal receives 1.33 trillion rupees in remittances in 11 months « Khabarhub
Friday, July 19th, 2024

Nepal receives 1.33 trillion rupees in remittances in 11 months

10 July 2024  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: In the first 11 months of the current fiscal year, Nepal received 1.33 trillion rupees in remittances.

According to the latest economic and financial report released by the Nepal Rastra Bank (NRB), remittances increased by 22.7 percent compared to the same period last year.

The bank’s data shows that remittances in US dollars rose by 17.3 percent, reaching 9.98 billion dollars.

The previous year saw a 13.0 percent increase in remittance inflows during the same period, as per the bank’s report.

During the review period, the number of Nepalis receiving final labor approval for foreign employment (both institutional and individual – new) was 422,936, while the number of those renewing their labor approval was 262,705, according to the bank.

In the same period last year, these figures were 459,415 and 260,262, respectively.

The net transfer in the 11 months increased by 17.3 percent, amounting to 1.44 trillion rupees.

The previous year saw a 21.9 percent increase in net transfers during the same period, as reported by the bank.



Publish Date : 10 July 2024 18:05 PM

Locals obstruct footpath expansion at New Road in Kathmandu

KATHMANDU: Local residents obstructed the footpath expansion at New Road

Monetary Policy delayed following appointment of Dr. Khatiwada as Economic Adviser

KATHMANDU: The scheduled release of Nepal’s monetary policy has been

Gold price down by Rs 2,000 per tola today

KATHMANDU: The price of gold decreased by Rs 2,000 per

Six girls rescued from guest house in Kathmandu

KATHMANDU: Six girls were rescued last night from a guest

KOICA Nepal Office holds pre-departure orientation for Health Ministry officials

KATHMANDU: KOICA Nepal Office conducted a pre-departure orientation program for