KATHMANDU, Sept 15: Remittance inflow into Nepal increased 29.9 percent to Rs 177.41 billion in the first month of the current fiscal year (FY), according to the latest report of Nepal Rastra Bank (NRB).
The ‘Current Macroeconomic and Financial Situation Report of Nepal’ unveiled by the central bank on Monday shows an impressive growth in remittance earnings of the country during mid-July and mid-August of the FY 2025/26. In terms of US dollars, the growth was recorded at 25 percent to 1.27 billion in the review month.
The number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment was recorded at 44,466, while those receiving approval for renewed entry stood at 23,644. In the same period last year, such numbers were 36,928 and 22,647, respectively.
Nepal maintains record-high forex reserves of US $ 13.31 billio...
According to the NRB, the balance of payments (BOP) remained at a surplus of Rs 89.30 billion in the review period. Based on the surplus amount of Rs 40.90 billion a year ago, the positive BoP almost doubled in the period.
In terms of US dollars, the BoP remained at a surplus of 641.2 million. In the same period last year, the country’s BoP surplus was USD 305.1 million.
The BoP records a country’s financial transactions with the rest of the world under three subheadings — current account, capital account and financial account. It is one of the major external sector indicators to show a country’s net balance in terms of foreign currency reserves.
The rise in positive BoP was mainly due to the surge in the current account surplus of the country. The current account, which is one of the major components of the BoP, remained at a surplus of Rs 78.14 billion (USD 561 million), up from the surplus of Rs 33.08 billion (USD 246.8 million) in the review period.
The net capital transfer amounted to Rs 1.04 billion in the review month, almost five-folds of Rs 223.2 million in the same period of FY 2024/25. Nepal received Rs 691.5 million in foreign direct investment, down from Rs 799.8 million.
The country’s gross foreign exchange reserves have reached Rs 2.806 trillion. In US dollar terms, such reserves remained at 20.03 billion. The reserve is sufficient to cover the prospective merchandise imports of 20.4 months. In terms of merchandise and services, the amount is sufficient to finance imports of 16.6 months.
