July 11: Remittance inflow in the first 11 months of the current fiscal year has reached Rs 904.18 billion, Nepal Rastra Bank said in its latest report on Monday.

According to the Current Macroeconomic and Financial Situation Report released by the central bank, the inflow of remittance in the review period increased by 3.8 percent compared to 12.6 percent increment in the corresponding period of last fiscal year.

In terms of the US dollar, remittance inflow increased 1.5 percent to 7.51 billion in the review period against an increase of 10.5 percent in the same period of the previous year.

The report states that the number of Nepali workers (institutional and individual) taking approval for foreign employment increased significantly to 313,367 in the review period. Such number had decreased 68 percent in the same period of the previous year.

Similarly, the number of Nepali workers (renew entry) taking approval for foreign employment increased 208.3 percent to 259,091 in the review period. It had decreased 52.1 percent in the same period of the previous year.