KATHMANDU: The remittance inflows increased 26.4% to Rs 477.96 billion in the first four months of current fiscal year 2023/24, according to the macroeconomic and financial situation report released by Nepal Rastra Bank (NRB) today.
The remittance had increased 20.4% in the same period of the previous fiscal year till mid-November.
In US Dollar terms, remittance inflows increased 23.1% to 3.60 billion in the review period compared to an increase of 10.8% 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 renewed entry stands at 68,841. In the previous years, such numbers were 196,735 and 87,428 respectively.
Net transfer increased 24.9% to Rs 521.40 billion in the review period. Such a transfer had increased 20.2% in the same period of the previous year.
