Remittance inflow has declined in the first six months of the current fiscal year. According to a statement released by Nepal Rastra Bank today, remittance inflow has declined by 5.5 per cent.
During the review period, the number of Nepalis seeking final labor permits (institutional and individual-new and legalized) for foreign employment increased significantly to 1 lakh 67 thousand 513 last year. However, the numbers have declined by 89 per cent in comparison to the previous year.
According to the central bank, net transfers have decreased by 4.9 per cent to Rs. 523.11 billion.
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