About 900 billion remittances enters the country: NRB

Kathmandu, September 3: Remittance around nine billion rupees has entered the country in fiscal year 2018/19. This is stated in the report, ‘Current Economic and Fiscal Condition of the Country’, released by Nepal Rastra Bank.

The report states that the remittance has reached Rs 879.27 billion in fiscal year 2018/19. The remittance inflow has increased by 16.5 percent in the last fiscal year 2018/19. Rs 755.06 billion remittance entered the country in fiscal year 2017/18. The remittance inflow had grown by 8.6 percent in the previous year.

Likewise, remittance inflow has increased by 7.8 percent in US Dollars. The same had grown by 10.2 percent the previous year. It is stated that the number of people going on foreign employment based on labor permission (institutionally or personal basis – new and legal) has decreased by 32.6 percent last fiscal year.

The same had fallen by 9.3 percent the year before that. The number of Nepalis going on foreign employment on the basis of the re-labour permit has increased by 5.4 percent in the review period, according to the NRB. The same had decreased by 0.6 percent the year before last. RSS