Kathmandu, Oct 15: Remittance amounting to Rs 221 billion has entered the country during August 17 to September 16 (Bhadra) in the current fiscal year.
According to the ‘Current Economic and Financial Situation of the Country’ report based on the first two months of the fiscal year 2083/084 released today by the Nepal Rastra Bank, remittance inflow during Bhadra last fiscal year was Rs 174 billion 670 million.
In the first two months of the current fiscal year (Shrawan and Bhadra), remittance inflow increased by 23.9 percent, reaching Rs 436 billion 36 million.
During the same period last year, remittance inflow had increased by 33.1 percent. In the review period, remittance in US dollars increased by 13.5 percent, reaching Rs 2.85 billion while such inflow had increased by 27.6 percent last year.
During the review period, net secondary income (net transfer) reached Rs 469 billion 440 million. In the same period last year, the income was Rs 384 billion 880 million.
During the review period, the number of Nepali getting final labor approval for foreign employment was 78,320, and the number getting re-approval for labor permission was 51,136. During the same period last year, such number were 90, 198 and 45,884 respectively.
