Remittance inflow up
Defying predictions, Nepal continues to see a rise in remittances from its overseas workers from July 2020 to May 2021 compared to the same period last year. The Rastra Bank said this week Nepalis abroad sent home Rs810 billion in that period, which is up 19.2% from last year. Despite the pandemic, and perhaps because of it, Nepalis send money to families that had lost their incomes back home during the lockdown and the economic slump.