First Business News Portal in English from Nepal
KATHMANDU: Inflow of remittance which continued to increase even during critical Covid-19 times, has come down in the first month of the current fiscal year, as per Nepal Rastra Bank (NRB).
The NRB statistics showed that remittance inflows decreased 18.1 percent to Rs 75.96 billion in the review period in contrast to an increase of 23.0 percent in the same period of the previous year. However, number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 13,800 in the review period. It had decreased 99.2 percent in the same period of the previous year.
Likewise, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 286.1 percent to 11,628 in the review period. It had decreased 80.0 percent in the same period of the previous year.
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