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Remittance Grew by 15.2 % : NRB

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Remittance Grew by 15.2 % : NRB
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April 20: The ‘Current Macroeconomic and Financial Situation of Nepal’,  a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.

Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year.  

The report signifies that the number of workers going abroad for foreign employment, which directly affect the remittance, has decreased in the review period. The number of Nepalese workers seeking foreign employment, based on final approval for foreign employment, has decreased by 23.2 percent in the first eight months of 2015/16. It had increased by 17.1 percent in the same period of the previous year. 

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