Remittance increased by 25.3 per cent

By TRN Online, Kathmandu, April 11: Remittance increased by 25.3 per cent in NPR terms and 14.8 per cent in USD term.

According to the Nepal Rastra Bank data of the past eight months of current fiscal year (FY) the remittance inflow increased by 25.3 per cent to Rs 794.32 billion in the review period up from Rs 633.9 billion recorded in same period of the previous FY. 

With this rise, the remittance inflow increased by 14.8 per cent to USD 6.09 billion in the review period. In the same period of the previous FY, the US dollar recorded USD 5.3 billion.

The data showed Nepali workers taking approval for foreign employment increased by 54.3 per cent 351,171 in the review period. Similarly, the number of Nepali workers (Renew entry) taking approval for foreign employment increased by 8.0 per cent to 192,559 in the review period.