Remittance inflows to Nepal totaled Rs 15 arba 32 crore 93 lakh during the first 11 months of the current fiscal year 2081/82, marking a 15.5% increase compared to the same period last year, according to Nepal Rastra Bank.
During the first 11 months of fiscal year 2081/82, Nepal received remittances amounting to Rs 15 arba 32 crore 93 lakh, reflecting a 15.5% growth compared to the corresponding period last year, according to data released by Nepal Rastra Bank.
In the month of Jestha alone, remittance inflows reached Rs 1 arba 76 crore 32 lakh. This shows a significant increase from Rs 1 arba 28 crore 91 lakh received in Jestha of the previous year. When measured in US dollars, remittances grew by 12.7%, reaching USD 11 billion 25 million, compared to last year’s growth rate of 15.2%.
Total net secondary income and transfers during this period stood at Rs 16 arba 68 crore 30 lakh, up from Rs 14 arba 43 crore 10 lakh during the same timeframe last year.
The rise in remittances corresponds with an increase in the number of Nepali workers going abroad for employment. During the review period, the total number of new labor approvals, both institutional and individual, reached 4 lakh 52 thousand 324, compared to 4 lakh 21 thousand 356 last year. Renewed labor approvals also rose to 3 lakh 8 thousand 67, up from 2 lakh 61 thousand 210 in the same period last year.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
