As per the Current Macroeconomic and Financial Situation of Nepal based on five months period of current FY published by Nepal Rastra Bank, the remittance inflow increased by 35.6 percent compared to 4.7 percent of the corresponding period of the last fiscal year.
During mid-November to mid-December (Mangsir month), remittance inflows stood at Rs 183.18 billion. In the review period of the last FY, such inflows were Rs 118.79 billion.
In the US Dollar terms, remittance inflows increased 29.0 percent to 6.16 billion in the review period compared to an increase of 3.4 percent in the same period of the previous year.
Similarly, net secondary income (net transfer) reached Rs 954.78 billion in the review period compared to Rs 700.43 billion in the same period of the previous year.
The number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stands at 175,590 and taking approval for renew entry stands at 163,924. In the previous year, such numbers were 190,384 and 135,425 respectively.
