Remittance Boosts Reserves

Remittance, sent by Nepali migrant workers from abroad, has been lifeline to national economy for years. But pandemic-induced instability in the international labour market sent jitters in the domestic financial health. The country looked to remittance as reliable means to overcome recession resulting from widening trade deficit, depleting foreign reserves and soaring inflation, among others. Though excessive dependence on remittance is not good idea for building self-re