Category Archives: Nepal

Remittances to Nepal Rebuilding Homes and Hope

Foreign Countries Sending Money to Nepal find New Ways to Target Populations in Need

People who are sending money to Nepal help to rebuild homes and communities. Researchers from the University of Southampton have teamed up with WorldPop project and Flowminder Foundation to monitor the movement of people affected by the 2015 earthquake in Nepal. By studying anonymous mobile phone data, they can effectively track the displacement of populations and send relief in the affected areas. Continue reading Remittances to Nepal Rebuilding Homes and Hope

How Money Remittance to Nepal Shapes the Country’s Economy

Earthquake Recovery Will Continue to Rely on Money Transfer

When sending money to Nepal, not only are you helping beloved family members and friends, you are playing a vital force in the improvement of the country’s economy. Two key factors that comprise most of Nepal’s economy have historically been generated from tourism, and money remittance.

Continue reading How Money Remittance to Nepal Shapes the Country’s Economy

Nepal Rasta Bank Considers Reimbursing Remittance Fees

Sending Remittances to Nepal

The Nepal Rastra Bank (NRB) recently asked the government of Nepal to subsidize or otherwise reimburse fees associated with money remittance. Bank officials assert that such assistance may encourage workers to use formal, safe mediums to transfer money. Currently, the country faces a major problem with illegal money transfers and smuggling. Continue reading Nepal Rasta Bank Considers Reimbursing Remittance Fees