Nepal Breaking NewsFinanceIn the first 11 months, Nepal received $870.94 billion in remittances

In the first 11 months, Nepal received $870.94 billion in remittances

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In the 11 months of the fiscal year, Nepal received Rs 870.94 billion in remittances.

“Remittance inflows increased by 12.6 percent to Rs 642.14 billion in the review period, compared to 3.2 percent in the same period last year,” said (NRB).

In terms of USD, remittance inflows increased by 10.4 percent to USD 7.39 billion in the review period, compared to a 5.2 percent decrease in the same period the previous year,” the said on Thursday in review of the country’s current macroeconomic and financial situation.

According to the central bank, the number of workers who received pre-approval foreign employment fell by 47.1 percent during the review period. In the same period the previous year, it had decreased by 31.1 percent.

The transfer increased by 11.4 percent during the review period, reaching Rs 971 billion. This transfer had decreased by 3.9 percent in the previous year’s corresponding period.

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