Remittance inflows rise 31.4 pc in first 4 months of FY 2025/26

KATHMANDU: Remittance inflows into Nepal increased 31.4% to Rs 687.13 billion in the first four months of fiscal year 2025/26, compared to a 9.4% rise in the same period of the previous year, according to the latest macroeconomic and financial situation report released by Nepal Rastra Bank (NRB).

During the month from mid-October to mid-November (Kartik), remittance inflows stood at Rs 133.82 billion, up from Rs 114.31 billion in the corresponding period last year.

In US dollar terms, remittances grew 25.3% to $4.88 billion in the review period, against an 8.2% increase a year earlier.

Net secondary income, which includes net transfers, reached Rs 754.93 billion in the review period, compared to Rs 569.29 billion in the same period of the previous year.

The number of Nepali workers taking first-time approval for foreign employment stood at 145,973, while those renewing entry approvals numbered 127,837. In the corresponding period last year, the figures were 147,478 for first-time approvals and 94,105 for renewals.