Remittance inflow has reached Rs 1,532 billion in 11 months of the current fiscal year. 

As per the Current Macroeconomic and Financial report released today, the remittance inflow has increased by 15.5 percent during the reporting period as compared to the previous fiscal year. It had increased by 17.2 percent in the previous fiscal year. 

Similarly, the remittance inflow was Rs 176.32 billion from May 15 to June 14 in the current fiscal year.

In  the same period last year, the inflow was Rs 128.91 billion. 

In the US dollar terms, remittance inflow has increased by 12.7 percent to reach Rs 11.25 billion in the review period compared to an increase of 15.2 percent in the same period last year. 

Likewise, net secondary income (net transfer) has reached Rs 1,668 billion in the review period. It was Rs 1,443 billion in the same period last fiscal year. 

According to the report, the number of Nepali workers – both institutional and individual who took first-time approval for foreign employment was 452,324 while those obtaining approval for renewed entry was 308,067 in number. 

Last year, the numbers were 421,356 and 261,210, respectively.