In association with
Logo Logo Logo

Remittance inflows up 8.6 percent in first eight month of this year


KATHMANDU: Nepal has received Rs 642.14 billion in remittance in the first eight months of the current fiscal year.
“Remittance inflows increased 8.6 percent to Rs 642.14 billion in the review period compared to 1.5 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 5.0 percent to 5.45 billion in the review period compared to 1.5 percent in the same period of the previous year,” the Nepal Rastra Bank (NRB) said on Monday releasing the current macroeconomic and financial situation of the country.
Likewise, the central bank said that number of Nepali workers taking approval for foreign employment decreased 74.8 percent in the review period. It had increased 24.2 percent in the same period of the previous year. The number of Nepali workers (Renew entry) taking approval for foreign employment decreased 65.2 percent in the review period, according to the NRB.
Similarly, the current account remained at a deficit of Rs 148.68 billion compared to a deficit of Rs 119.70 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of Rs 1.27 billion in the review period compared to a deficit of Rs 1.05 billion in the same period of the previous year. Likewise, the Balance of Payments (BOP) registered a surplus of Rs 68 billion as compared to a surplus of Rs 37.84 billion in the same period of the previous year, the central bank stated.

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

Comment here !
Related News

KATHMANDU:- The major opposition party CPN (UML) has conducted its ward level convention simultaneously in around 6,000 wards across the

DHANUSHA:- Chief Minister of Province 2 Lal Babu Raut has termed all districts of Province 2 as the favourable land

KATHMANDU:- CPN (UML) Chairperson KP Sharma Oli assured that party would forge unity from ward to central level for its

KAILALI:- Nepali Congress senior leader Ram Chandra Poudel today claimed that the incumbent government would complete its remaining term of