Nepal has recorded a significant rise in remittances received from abroad, highlighting the country's dependence on overseas workers' contributions.
Nepal has received a total of NPR 436 billion in remittances during a recent two-month period, reflecting a 23.9% increase compared to the same timeframe last year. This substantial rise underscores the critical role of remittances in Nepal’s economy, stemming largely from Nepali workers employed abroad, including in countries like Greece. The inflow of money supports household incomes and contributes to national economic development. Authorities continue to monitor overseas worker trends and financial flows to optimize support and policy measures for Nepalese migrant laborers and their families.
Sources referenced:
- https://myrepublica.nagariknetwork.com/news/nepal-receives-rs-436-billion-in-remittances-in-two-months-up-23-9-pct/
