Foreign Minister Shishir Khanal says the West Asia war 2026 has affected Nepal’s remittance economy; hopes ceasefire holds, says PM Balendra Shah will visit India after bilateral mechanisms meet
Although the depreciation of the currency against the dollar is expected to cushion short-term impact, Kerala is expected to see at least a 20% decline in remittances this year, especially if the war continues.The ramifications of this crisis could ripple through Kerala’s economy, which heavily relies on these funds.