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Monday May 23, 2022

Nepal receives over Rs 724 billion remittance in nine months


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2022 May 12, 7:37, Kathmandu
Nepal Rastra Bank

Nepal has received remittances amounting to over Rs 724 billion in the nine months of the current fiscal year 2021/22, according to data published by the Nepal Rastra Bank on Wednesday. The figure had increased by 16.5 percent during the same period in the previous FY, 2020/21.

Similarly, remittance in USD has declined by 2.2 percent to stand at over USD 6.05 billion. The figure has seen a rise of 13.1 percent in the previous fiscal year.

Till the review date, the number of Nepali people aspiring for foreign jobs who got their final work permit (institutional and individual—new and certification) has increased 74.9 percent to hit 256,031 as compared to a 74.9 percent decrement in the previous FY.

Similarly, the figure of Nepali foreign job aspirants who got their renewed labor permit has increased by 199.9 percent to reach 206,629 as opposed to a 60.7 percent decline in the previous FY. 

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Remittance Nepal Rastra Bank fiscal year labor permit foreign employement
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