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    Nepal Breaking NewsBusinessIn the first 11 months of the current fiscal year, the country...

    In the first 11 months of the current fiscal year, the country received $870.94 billion in remittances.

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    In first 11 of the fiscal year, received Rs 870.94 billion in remittances.

    β€œRemittance inflows increased by 12.6 percent to Rs 642.14 billion in review period, compared to 3.2 percent in the same period last year,” said Rastra Bank (NRB).

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    In terms of USD, remittance inflows increased by 10.4 percent to USD 7.39 billion in review period, compared to a 5.2 percent decrease in the same period the previous year,” the said on Thursday in its review of the country’s macroeconomic and situation.

    According to the central bank, the number of Nepali workers who received pre-approval for foreign employment fell by 47.1 percent during the review period. In the same period the previous year, it had decreased by 31.1 percent.

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    The net transfer increased by 11.4 percent during the review period, reaching Rs 971 billion. This transfer had decreased by 3.9 percent in the previous year’s corresponding period.


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