Tag:Nepal Rastra Bank

Remittances already account for nearly 67 per cent of Nepal’s total foreign currency earnings. Tourism and exports from the Gulf add smaller but important flows. Last fiscal year, 20,504 tourists from Gulf countries visited Nepal, representing 1.8 per cent of total arrivals.

There is concern that the “remittance economy” model could undermine long-term development if not paired with investment in productive sectors.

With vegetable inflation exceeding 40 per cent, consumers face the brunt of soaring costs, while weak market monitoring and governance exacerbate the issue.