• Friday 23rd August 2019

Rs 800 billion remittance received

  • Published on: July 20, 2019



  • Kathmandu, 20 July:  Nepal has received Rs 800 billion  remittance in the last 11 months.  According to Nepal Rastra Bank’s report on country’s current economic and financial situation, the remittance flow has increased by 17.5 percent. In the same period in the last fiscal year, the remittance was upped by 7.3 percent only.

    However, the number of the Nepalis leaving country as migrant workers with labour permit decreased by 37.3 percent in this period.

    Meanwhile, the Kathmandu Valley recorded the inflation of 7.1 percent, meanwhile the mountainous region witnessed 6.5 percent, hilly regions 5.7 percent and Tarai region 6.5 percent inflation.

    The trade deficit exceeded Rs 1200 billion in the period, increasing by 17.2 percent, said the central bank. The export-import ratio is 6.8 percent.

    People’s News Monitoring Service

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