Remittances Decline by 7 Percent

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Remittances Decline by 7 Percent » Meroshare

In the first three months of the current Fiscal Year 2078/79 Shrawan to Ashoj (from July to September), the inflow of remittances declined by 7.6 percent compared to the same period the previous year.

Data issued by Nepal Rastra Bank shows that a total of Rs. 239.32 billion in remittances has reached the country during this time frame, according to the bank. According to the World Bank, remittances into the country climbed by 12.7 percent compared to the same period last year.

During the period under review, remittance inflows into the United States

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