Saturday Dec 4, 2021
Saturday Dec 4, 2021
Civil Bank

Remittance inflow declines


Nepalnews
2021 Sep 23, 19:50, Kathmandu
As per the macroeconomic report published by Nepal Rastra Bank, the central bank, the year-on-year consumer price inflation stood at 3.02 per cent in the eighth month of fiscal 2020/21.

The inflow of remittances has decreased in the first month of the current fiscal year. As per the details of the current fiscal year released by Nepal Rastra Bank today, the remittance inflow decreased by 18.1 percent to Rs. 75.96 billion in July.

The remittance inflow had increased by 23 percent in the corresponding period of the previous year. In US dollar terms, remittance inflows declined by 17.5 percent to Rs 638.2 million. Such inflows had increased by 14.5 percent in the previous year.

During the same period, the number of Nepalis seeking final labour permits (institutional and individual-new and verification) for foreign employment has increased significantly to 13,800. The number had decreased by 99.2 percent in the corresponding period of the previous year.

Similarly, the number of Nepalis seeking re-labour permits for foreign employment increased by 286.1 percent during the review period to 11,628. The number had decreased by 80 percent in the corresponding period of the previous year.

Net transfer income decreased by 16.4 percent to Rs. 85.21 billion during the review period. Such transfers had increased by 20 percent in the corresponding period of the previous year.

READ ALSO:

Remittance Nepal Rastra Bank fiscal year Remittance inflow Labour Permits Foreign Employment Net Transfer Income
Subishu
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

KMC-02, UttarDhoka,
Lazimpat, Nepal

Newsroom
+977–01–4445751 / 4445754

E-mail
info@nepalnews.com editor@nepalnews.com

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal