Remittance inflow up by 17% in the 1st quarter of FY 2022/23

Image for representation only: Remittance inflow
Image for representation only: Remittance inflow

Kathmandu, November 16

The Nepal Rastra Bank says the amount of remittance inflow has gone up by 16.8 per cent in the first three quarters of the fiscal year 2022/23.

According to the central bank data, Nepal received 281.05 billion in remittances sent by Nepali migrant workers from July 17 to October 17.

In the last month of the review period (September 17-October 17) alone, Nepal received Rs 94 billion in remittances.

In these past three months, 147,932 people have received final labour permits for foreign employment, which is 123.1 per cent more than in the same period last year. Likewise, 57,861 people acquired re-permits.

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