Kathmandu, Mar 10: Remittance inflows recorded in the first seven months of the current Fiscal Year (FY) increased by 21.7 per cent.

According to the Nepal Rastra Bank (NRB) data published today, remittance inflows increased by 21.7 per cent to Rs 834.5 billion in the review period of the first seven months of this FY. In the same period last FY it was Rs 685.8 billion.

However, the data revealed that in the review period, the number of Nepali workers, both institutional and individual taking approval for foreign employment declined to 247,012, and taking approval for renewed entry also declined to 158,540.

In the previous year, such numbers were 314,767 and 167,708 respectively.