Remittances from Nepali overseas workers continue to be a significant source of foreign exchange, with over 1,191 billion Nepali Rupees received within the first nine months of the current fiscal year, according to official data.
Kathmandu—Nepal has recorded remittance inflows exceeding NPR 1,191 billion during the initial nine months of the ongoing fiscal year, reaffirming the vital contribution of its overseas workforce to the national economy. This substantial inflow highlights the ongoing reliance on foreign earnings, primarily from Nepali migrant workers abroad, including those in countries like Greece. According to data released by Nepal Rastra Bank and reported by The Annapurna Express, the steady remittance streams bolster economic development and support household incomes across Nepal. While the highest concentrations of Nepali migrant workers are found in countries such as India, the Gulf states, and Malaysia, the diaspora in Europe, including Greece, also contributes significantly to these financial inflows. Remittances have been pivotal in maintaining Nepal’s foreign currency reserves and supporting domestic consumption and investment. The government continues to encourage the welfare and protection of overseas workers to sustain these vital economic links. No official statements regarding complaints or labor concerns from Nepalese workers in Greece or other countries were reported in this data release.
Sources referenced:
- https://theannapurnaexpress.com/news/nepal-receives-remittances-over-1191-billion-in-nine-months-101778
