In the last Falgun alone, remittances worth Rs 188.64 billion entered the country. The remittances entering Nepal in Falgun are lower than in the previous Magh.
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From last Shrawan to Falgun, remittances worth Rs 1.449 trillion have entered Nepal. Compared to the eight months of the last fiscal year, remittance inflow has increased by 37.7 percent in the same period this year. Until Falgun, Rs 1.052 trillion had entered the country.
In Falgun alone, Rs 1.88 trillion had entered Nepal. The remittances entering Nepal in Falgun are less than in Magh. In Magh, Rs 1.98 trillion had entered Nepal. In Falgun of the last fiscal year, Rs 1.51 trillion had entered Nepal.
It has been analyzed that the remittances coming to Nepal are also at risk after the war disrupted the economy there. However, experts say that the impact of the war has not been seen on the remittance inflow until Falgun. It is estimated that almost half of the total remittances coming to Nepal will be affected after the Israel-Iran war affected many countries in West Asia. The war began in the region on February 28, 2026. It has been analyzed that remittances coming to Nepal are also at risk after the war disrupted the economy there. However, experts say that the impact of the war on the remittance inflow has not been seen until Falgun.
In the past, remittance inflow to Nepal used to increase in the months immediately following a crisis, so this year too, said Suman Pokharel, former president of the Remitters Association. ‘Even if the war escalates, the remittance inflow may increase for a few more months. Because past experience has shown that it will not decrease because Nepalis living abroad have money with them and send it even after they have been in contact,’ he said. ‘If the crisis continues, the remittance inflow may automatically decrease after three to four months.’
According to him, if the ongoing tension in West Asia continues, more Nepalis will not be able to go abroad, and even if they have gone, they may face double problems in Nepal’s economy. Currently, about 40 to 45 percent of remittances coming to Nepal come from West Asia. Even if an average of 1.5 trillion rupees are received monthly, about 60/65 billion rupees could be affected, he said. "On the other hand, when Nepalis working there return, the government may be under pressure to create employment opportunities. On the other hand, a decrease in remittances will put pressure on the country's income and foreign exchange reserves," he said.
According to the Falgun Economic and Financial Situation Report released by the Nepal Rastra Bank on Thursday, remittance inflow in US dollars has increased by 31 percent in the last eight months to reach 10.15 billion dollars. Last year, such inflows had increased by only 7.1 percent. More than 1 trillion rupees have been entering the country every month for the past 29 months. Accordingly, the highest ever remittance of 201 billion rupees entered the country in Asoj.
Remittances have been making a significant contribution to Nepal's economy. But the ongoing war in West Asia for the past few months has disrupted the overall security situation in the region, and Nepal's economy is also likely to be affected. As tensions rise in Qatar, Saudi Arabia, Bahrain, Kuwait, the United Arab Emirates (UAE) and Oman, Nepal's tourism, remittances, trade and foreign employment are seen to be directly affected.
Currently, there are about 1.9 million Nepali workers in the Gulf region. Of the 700,000 Nepalis who go abroad for employment every year, about 65 percent, or 450,000, go to the Gulf countries alone. After the US and Israel attacked Iran, Iran has been retaliating by targeting US military camps in the Gulf countries.
In the fiscal year 2081/82, 172 billion remittances were received. The share of the Gulf countries was 673 billion. In the last Falgun, remittances in US dollars increased by 31 percent to 10.15 billion. In the fiscal year 2081/82, 1.7 trillion 2 billion remittances were received. Of this, the Gulf countries' share was 673 billion. In the last Falgun, remittances in US dollars increased by 31 percent to 10.15 billion. The previous year, such inflows had increased by 7.1 percent.
As of Falgun, foreign exchange reserves increased by 27.5 percent to 3413.77 billion. Compared to the previous Ashar, it was 2677.68 billion. 'Such reserves in US dollars were 19.5 billion in mid-Ashar 2082, but increased by 18.3 percent to 23.08 billion in mid-Falgun 2082,' the Rastra Bank said.
Based on imports up to eight months of the fiscal year 2082/83, the Rastra Bank claims that the foreign exchange reserves of the banking sector will be sufficient to cover 21.4 months of goods imports and 18.5 months of goods and services imports. The National Bank has set a target of maintaining foreign exchange reserves sufficient to cover at least 6 months of imports this year.
As of last Falgun, the current account is in surplus by Rs 552.85 billion. In Falgun last year, the current account was in surplus by Rs 197.3 billion. Similarly, in the last eight months, 10.84 billion foreign direct investment (equity only) has entered Nepal. In the same period last year, such direct foreign investment (equity only) was only Rs 8.47 billion.
As of last Falgun, the balance of payments position is in surplus by Rs 658.35 billion. In the same period last year, the balance of payments position was in surplus by Rs 310.37 billion. In US dollars, the balance of payments position was in surplus by Rs 4.61 billion in the review period, compared to a surplus of Rs 2.29 billion in the same period last year, according to the National Bank.
