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    {"id":22015,"date":"2019-08-16T08:45:41","date_gmt":"2019-08-16T03:15:41","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=22015"},"modified":"2019-08-14T16:32:24","modified_gmt":"2019-08-14T11:02:24","slug":"fy-2070-76-nrb-records-33-9-pc-increase-in-nepal-remittance","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/government\/fy-2070-76-nrb-records-33-9-pc-increase-in-nepal-remittance\/","title":{"rendered":"FY 2070-76: NRB Records 33.9 Pc Increase in Nepal Remittance"},"content":{"rendered":"

    Nepal Rastra Bank\u2019s (NRB) recent report has positioned Nepal in better light in terms of remittance received throughout FY 2075-76 (2018-19).<\/p>\n

    According to NRB\u2019s data, Nepal received a total of NPR 784 billion in remittance from as many as 189 countries in FY 2075-76, an increase of NPR 8 billion from around NPR 776 billion in FY 2074-75.<\/p>\n

    In FY 2070-71, the total remittance received by Nepal was NPR 543 billion, which increased significantly by NPR 200 billion (33.9 percent) in FY 2075-76 to NPR 783 billion.<\/p>\n

    The total remittance received by Nepal contributed to 29 percent of the country\u2019s Gross Domestic Product\u00a0 (GDP)<\/p><\/blockquote>\n

    The report also mentions individual countries contribution to Nepal remittance, which has grown significantly over the years.<\/p>\n

    \"Nepal<\/p>\n

    Since all of the remittance to Nepal from various countries are routed via USA, NRB\u2019s report shows that US is the only source of remittance to Nepal, explained NRB spokesperson Laxmi Panna Niraula.<\/p>\n

    In FY 2075-76, Nepal received a total of 187 billion from US alone.<\/p><\/blockquote>\n

    Meanwhile, the remittance from India increased from NPR 500 billion to NPR 700 billion over a period of 5 years, projecting an increase of more than NPR 2 billion.<\/p>\n

    The report further states that remittance are sent by all levels of Nepalese workers \u2013 skilled or unskilled. These include Nepali businesses and top professionals working in various countries across the world.<\/p>\n

    The following table depicts the amount of remittance Nepal received from various countries<\/strong>:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Country<\/strong><\/span><\/td>\nRemittance<\/strong><\/span><\/td>\n<\/tr>\n
    India<\/td>\nNPR 93 billion<\/td>\n<\/tr>\n
    Saudi Arabia<\/td>\nNPR 89 billion<\/td>\n<\/tr>\n
    UAE<\/td>\nNPR 85 billion<\/td>\n<\/tr>\n
    Malaysia<\/td>\nNPR 74 billion<\/td>\n<\/tr>\n
    Japan<\/td>\nNPR 67 billion<\/td>\n<\/tr>\n
    Romania<\/td>\nNPR 56 billion<\/td>\n<\/tr>\n
    South Korea<\/td>\nNPR 33 billion<\/td>\n<\/tr>\n
    Bahrain<\/td>\nNPR 24 billion<\/td>\n<\/tr>\n
    Qatar<\/td>\nNPR 19 billion<\/td>\n<\/tr>\n
    Kuwait<\/td>\nNPR 15 billion<\/td>\n<\/tr>\n
    Australia<\/td>\nNPR 11 billion<\/td>\n<\/tr>\n
    United Kingdom<\/td>\nNPR 10 billion<\/td>\n<\/tr>\n
    Oman<\/td>\nNPR 5 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Total Remittance to Nepal Over the Last Five Years FY 2070-76<\/h3>\n\n\n\n\n\n\n\n\n\n
    \n

    Fiscal Year<\/strong><\/span><\/p>\n<\/td>\n

    		\n

    Remittance<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2070-71<\/p>\n<\/td>\n

    		\n

    NPR 543 billion<\/p>\n<\/td>\n<\/tr>\n

    \n

    2071-72<\/p>\n<\/td>\n

    		\n

    NPR 617 billion<\/p>\n<\/td>\n<\/tr>\n

    \n

    2072-73<\/p>\n<\/td>\n

    		\n

    NPR 665 billion<\/p>\n<\/td>\n<\/tr>\n

    \n

    2073-74<\/p>\n<\/td>\n

    		\n

    NPR 695 billion<\/p>\n<\/td>\n<\/tr>\n

    \n

    2074-75<\/p>\n<\/td>\n

    		\n

    NPR 776 billion<\/p>\n<\/td>\n<\/tr>\n

    \n

    2075-76<\/p>\n<\/td>\n

    		\n

    NPR 783 billion<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \n

    Related News<\/strong><\/p>\n