Sunday, May 19, 2019

Remittance inflow records growth

Nepal has received Rs 653.19 billion remittances sent by Nepali migrant workers from various countries across the world in the first nine months of the current fiscal year 2018-19.
Despite the the number of Nepalis leaving home for foreign employment is on the decline, the remittance receipt is 20.9 per cent more than the remittance Nepal received in the same period in the last fiscal year, according to the central bank, which has claimed that the receipt of remittance has significantly improved from mid July 2018 to mid April 2019. “The overall remittance growth rate was 5.6 per cent in the last fiscal year.”
However, the receipt of remittance in the US dollars that has also increased by 9.5 per cent in the current fiscal year is almost the same in the last fiscal year. 

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