As per the study Current Macroeconomic and Financial Situation of Nepal published by Nepal Rastra Bank based on five months of data ending mid-December 2021/22, the remittance inflows have decreased by 6.8 percent during the review period. In the corresponding period of the last FY, the remittance inflow had increased by 11 percent.
According to the study, the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 131,082 in the review period. It had decreased 92.7 percent in the same period of the previous year. Similarly, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 295.8 percent to 99,580 in the review period. It had decreased 77.3 percent in the same period of the previous year.
Meanwhile, the net transfer decreased 5.7 percent to Rs 433.92 billion in the review period. Such a transfer had increased 8.5 percent in the same period of the previous year.
