Remittance inflow Rs 228 billion in two months

Kathmandu, Oct 17: Nepal has received a remittance of Rs 228 billion in the first two months of the current Fiscal Year 2023/24.

According to the country’s Current Economic and Financial Situation Report based on the statistics until the 17th of September, 2023, unveiled by Nepal Rastra Bank today, the remittance inflow increased by 22.1 per cent in this period and reached Rs 228 billion and 370 million.

The remittance inflow during the corresponding period last year had increased by 19.8 per cent. In US dollar terms, the remittance inflow grew by 17.7 per cent to reach 1 billion 730 million US dollars.

The number of Nepalis taking labour permits for foreign employment until September 17, 2023, of the current fiscal year beginning July 17 has decreased by 28.3 per cent and remained 74,455.

Similarly, the number of Nepalis renewing their work permit for foreign employment was 32,004, a decrease of 18.3 per cent. In the previous fiscal year, this number had increased by 70.6 per cent, the NRB stated in the report. (RSS)