Nepal has received Rs 763 billion in remittances over the first half of the year, contributing to a growth in foreign exchange reserves reaching Rs 2.3 trillion.
According to recent financial data, Nepal has amassed Rs 763 billion in remittances during the first six months of the current fiscal year. This substantial inflow from overseas workers has bolstered the country’s foreign exchange reserves, which now stand at Rs 2.3 trillion. The Central Bank of Nepal reports that these remittances play a vital role in stabilizing the national economy, especially in supporting household incomes and contributing to foreign currency liquidity. This trend underscores the significant economic impact of Nepalese migrant workers abroad, whose earnings help sustain both families and the broader economy. The government continues efforts to facilitate smoother remittance channels and enhance financial security for overseas workers and their families.
Sources referenced:
- https://news.google.com/rss/articles/CBMiWEFVX3lxTE5Db0laWUc2MFQ1YUNaT1oxcEdmX05FWUllMm5YTXAwSmEyQ2Z6Y3Q5YU1zejBWMFVaWUVqUU0wckRNREpoMlRXeDBPM3J4OXlYdzVodFRIc0o?oc=5