Remittance Inflow Declines by 5.5%

Feb 09, 2022 04:43 PM Merolagani

Remittance inflows has decreased 5.5 percent to Rs.468.45 billion in the six months period of the current FY as per the study ‘Current macroeconomic and financial situation of Nepal’ based on six months data published by Nepal Rastra Bank.

The remittance inflow had increased by 11.1 percent in the same period of the previous year.

In the US Dollar terms, remittance inflows decreased 6.2 percent to 3.93 billion in the review period against an increase of 6.7 percent in the same period of the previous year.

Meanwhile, the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 167,513 in the review period. It had decreased 89.0 percent in the same period of the previous year.

Similarly, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 298.1 percent to 130,212 in the review period. It had decreased 75.5 percent in the same period of the previous year.

During the period, the net transfer decreased 4.9 percent to Rs.523.01 billion in the review period. Such a transfer had increased 8.9 percent in the same period of the previous year.

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