Kathmandu, 3 November: Despite the surge of Covid-19, the money sent home by Nepali migrants in the two months (mid-July to mid-September) of the current fiscal year 2020/21 increased by 8.1 per cent.
According to the macroeconomic and financial report of Nepal Rastra Bank (NRB), remittance inflow rose to Rs.165.73 billion in the review months compared to a decrease of 0.6 percent in the same period of the previous year.
In the US dollar terms, remittance inflows increased by 2.6 percent to USD 1.39 billion in the review period against a decrease of 1.6 percent in the same period of the previous year.
Remittance inflow increased significantly over the months as migrant workers were forced to send money home only through the formal channels.
People’s News Monitoring Service
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