Kathmandu, 10 June: In the first ten months of the current fiscal year, Nepal received Rs 1.356 trillion (Rs 1,356.61 billion) in remittances. This marks a 13.9% increase compared to the same period last fiscal year. In the same ten-month period last year, remittance inflow had increased by 16.9%.
In the month of Baisakh 2082, remittances worth 1 kharab 65 arba 30 crore rupees have entered. This is the highest so far. In the same month last year, the remittance inflow was 1 kharab 15 arba 99 crore rupees.
Over the past 10 months, remittance inflows in US dollars have increased by 10.5 percent, reaching 9 arba 96 crore. Last year, such inflows had increased by 14.8 percent.
During this period, the number of Nepalis receiving final labor approval (institutional and individual—new) for foreign employment was 4 lakh 5 thousand 610, and the number of those receiving renewed labor approval was 2 lakh 80 thousand 314.
In the same period last year, these numbers were 3 lakh 73 thousand 307 and 2 lakh 36 thousand 398, respectively.
Foreign exchange reserves surpass 25 trillion (NPR)
As of the end of the Nepali month of Baisakh this year, the country’s total foreign exchange reserves have exceeded 25 trillion NPR.
Compared to the end of Ashadh last year, the foreign exchange reserves increased by 23.1%, reaching 25 kharab 12 arba 95 crore NPR (25 trillion, 129.5 billion NPR) by the end of Baisakh 2082.
As of Ashadh 2081 (June–July 2024), the foreign exchange reserves stood at NPR 20 billion 4.11 billion (20,411 crore).
“The foreign exchange reserves in US dollars were $1.527 billion as of the end of Ashadh 2081, which increased by 20.5% to reach $1.84 billion as of the end of Baisakh 2082 (April–May 2025),” stated the central bank in its monthly report.
As of the end of Baisakh 2082, Indian currency accounted for 21.2% of the total foreign exchange reserves.
Based on nine months of import data, the central bank claims that the total foreign exchange reserves are sufficient to cover 17.4 months of merchandise imports and 14.6 months of merchandise and service imports.
