The Nepal government has received Rs 477.96 billion in remittance in four months of the current fiscal year, 2023/24.
According to the Current Macroeconomic and Financial Situation of Nepal published by the Nepal Rastra Bank (NRB), the remittance inflows increased by 26.4 percent to Rs 477.96 billion in the review period compared to an increase of 20.4 percent in the same period of the previous year.
Similarly, in the US Dollar terms, remittance inflows increased 23.1 percent to 3.60 billion in the review period compared to an increase of 10.8 percent in the same period of the previous year.
In the review period, the number of Nepali workers, both institutional and individual, taking first time approval for foreign employment stands at 137,475 and taking approval for renew entry stands at 68,841.
In the previous year, such numbers were 196,735 and 87,428 respectively. Net transfer increased 24.9 percent to Rs.521.40 billion in the review period. Such a transfer had increased 20.2 percent in the same period of the previous year.
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