Remittances hit all-time high as Nepalis send Rs4.72 billion daily

With over Rs1.7 trillion received last fiscal year, the figure rivals Nepal’s annual budget. But experts warn the money is piling up in banks instead of driving growth.

Nepalis working abroad are sending home Rs4.72 billion every day, a financial lifeline that has sustained millions of households and kept the country’s economy afloat for decades.