Remittances increased by 24.3 percent in the last six months

Kathmandu: Remittance inflows increased 24.3 percent to Rs.585.08 billion in the review period against a decrease of 5.0 percent in the same period of the previous year.

According to the Nepal Rastra Bank (NRB) number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 64.6 percent to 275,643 in the review period.

The number of Nepali workers (Renew entry) taking approval for foreign employment increased 9.5 percent to 142,548 in the review period.

It had increased 298.1 percent in the same period of the previous year.

Net transfer increased 22.7 percent to Rs.644.72 billion in the review period.

Such a transfer had decreased 4.4 percent in the same period of the previous year.