About: Remittances to Nepal

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Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal and forms part of the wider global remittance transfers by migrant workers back to their home countries. Money is sent to Nepal by either electronic fund's transfers for example by SWIFT or by demand draft. By the 2000s many banks and Money Transfer Operators were offering Money transfers and this has grown into a huge business.

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  • Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal and forms part of the wider global remittance transfers by migrant workers back to their home countries. It is said that remittances has represented more than 10 percent of GDP in Nepal in the late 1990s. Moreover, it would be highly beneficial to the country, where there is natural calamities, political conflict, people war, low investment in entrepreneurial activities and economic recession. In the financial year (FY) 2000/01, the banking sector showed that NPR 15.9 billion was received. Money is sent to Nepal by either electronic fund's transfers for example by SWIFT or by demand draft. By the 2000s many banks and Money Transfer Operators were offering Money transfers and this has grown into a huge business. (en)
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  • Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal and forms part of the wider global remittance transfers by migrant workers back to their home countries. Money is sent to Nepal by either electronic fund's transfers for example by SWIFT or by demand draft. By the 2000s many banks and Money Transfer Operators were offering Money transfers and this has grown into a huge business. (en)
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  • Remittances to Nepal (en)
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