Remittance inflows rise by 15.5 pc to over Rs 1.53tn in 11 months: NRB

KATHMANDU: Remittance inflows into the country rose by 15.5% to Rs 1,532.93 billion in the first 11 months of the current fiscal year 2024/25, compared with a 17.2% rise a year earlier, according to the latest macroeconomic and financial situation report issued by Nepal Rastra Bank (NRB) today.

During mid-May to mid-June 2025 (Jestha month), remittance inflows stood at Rs 176.32 billion, up from Rs 128.91 billion in the same month a year earlier. In US dollar terms, they increased by 12.7% to 11.25 billion in the review period, compared with a 15.2% rise a year earlier.

Net secondary income (net transfer) reached Rs 1,668.30 billion in the review period, compared with Rs 1,443.10 billion a year earlier.

The number of Nepali workers granted first-time approval for foreign employment stood at 452,324, while approvals for re-entry totalled 308,067. In the previous year, those figures were 421,356 and 261,210 respectively.