Remittance inflow up by 4.8%, crosses one trillion mark

By TRN Online, Kathmandu, Aug 16: Remittance inflow has increased by 4.8 per cent in the fiscal year (FY) 2021/22 in comparison to the previous FY.

According to the Nepal Rastra Bank (NRB) report released today, the total remittance inflow amounted to Rs. 1007.3 billion in FY 2021/22, up from Rs. 961 billion recorded in FY 2020/21.

In term of the US dollar, remittance inflow increased by 2.2 per cent to USD 8.33 billion in comparison to its previous FY.

The data showed encouraging figure of remittance amount as the number of Nepali workers taking approval for foreign employment has increased significantly to 354,600 in the review year. In addition to it, the number of Nepali workers taking approval for renew entry for foreign employment increased by 198.5 per cent to 282,453 in the review year.