Kathmandu: Remittance inflow into Nepal has experienced a notable rise, increasing by 13.2 percent during the first ten months of the Fiscal Year 2024/25. The inflow reached Rs.1356.61 billion during this period, a growth compared to the 16.9 percent increase recorded in the same timeframe the previous year.
According to National News Agency Nepal, the Nepal Rastra Bank (NRB) revealed these figures in its report titled ‘Current Macroeconomic and Financial Situation of Nepal (Based on Ten Months Data Ending Mid-May 2024/25)’ published today. Between mid-April to mid-May 2025, remittance inflows were recorded at Rs.165.30 billion, compared to Rs.115.99 billion in the same period of the previous year. In US Dollar terms, the increase was 10.5 percent, reaching 9.96 billion dollars, compared to a 14.8 percent rise in the previous year.
The report also highlighted that net secondary income (net transfer) stood at Rs.1479.08 billion in the review period, up from Rs.1301.75 billion in the same period last year. Additionally, the number of Nepali workers receiving first-time approvals for foreign employment was 405,610, with 280,314 renewals, compared to 373,307 and 236,398 respectively in the previous year.
The current account recorded a surplus of Rs.255.93 billion, compared to Rs.193.31 billion in the same period last year, with a surplus in US Dollar terms of 1.89 billion against 1.45 billion previously. Net capital transfer increased to Rs.8.48 billion from Rs.5.26 billion, and foreign direct investment (equity only) rose to Rs.10.6 billion, up from Rs.7.05 billion last year.
The Balance of Payments (BOP) registered a surplus of Rs.438.52 billion, surpassing the Rs.392.64 billion surplus from the previous year. In US Dollar terms, the surplus was 3.23 billion, up from 2.95 billion last year.
The NRB report also indicated a significant rise in foreign exchange reserves, which increased by 23.1 percent to Rs.2512.95 billion by mid-May 2025, from Rs.2041.10 billion in mid-July 2024. In US Dollar terms, the reserves grew by 20.5 percent to 18.40 billion, up from 15.27 billion in mid-July 2024. Reserves held by NRB increased by 19.6 percent to Rs.2211.11 billion, while those held by banks and financial institutions (excluding NRB) surged by 56.8 percent to Rs.301.83 billion. The Indian currency constituted 21.2 percent of the total reserves by mid-May 2025.