KATHMANDU, Sept. 18 (Xinhua) -- Nepal recorded an increase in both remittance inflows and foreign exchange reserves in the first month of the 2026-27 fiscal year, according to a report released by Nepal's central bank on Friday.
Remittance inflows increased 10.2 percent year on year to 1.40 billion U.S. dollars in the one-month period from mid-July to mid-August, Nepal Rastra Bank said in the report.
During the same period, 70,441 Nepali migrant workers obtained labor permits, including both first-time permit recipients and those renewing their permits, compared with 68,110 during the same period in the previous fiscal year.
The country's gross foreign exchange reserves increased 2.1 percent to 25.84 billion dollars by mid-August, from 25.31 billion dollars in mid-July, according to the report.
"Based on the imports of the first month of the current 2026-27 fiscal year, the foreign exchange reserves of the banking sector are sufficient to cover the prospective merchandise imports of 21.8 months, and merchandise and services imports of 18.8 months," the report said. ■