Nepal receives Rs 904 billion remittance in 11 months

NL Today

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Kathmandu: Remittance inflow has been recorded to be Rs 904 billion in the first 11 months of the current fiscal year 2021-22.

The remittance inflow has increased by 3.8 percent according to the macroeconomic data for the first 11 months of the current fiscal year made public by the Nepal Rastra Bank on Monday.

According to the central bank, remittance had increased by 12.6 percent in the same period last year.
Remittance inflow on the USD has reached Rs 7.51 billion with a rise of 1.5 percent. Last year the inflow had upped by 10.5 percent.

In the review period, the number of Nepali people obtaining a final work permit for foreign employment has invariably risen. According to the central bank, a total of 313,367 Nepali people obtained such permission.

The number of Nepali people receiving re-work permits for foreign employment has reached 259,091 with an increment of 208.3 percent.