Nepal has recorded its highest monthly remittance, with an approximate USD 1.44 billion inflow between mid-September and mid-October. This marks the first time monthly remittance has crossed the USD 1.4 billion mark, a significant increase from the previous USD 1.03 billion during the same period.
According to Nepal Rastra Bank, the central bank, the sharp rise was influenced by the festive season, when Nepalis abroad traditionally increase financial support to their families. A stronger dollar, anti-money-laundering enforcement regulations, and a shift toward formal banking channels are major contributors.