Nepal, March 12 -- Nepalis are travelling abroad like never before, sending a massive amount of foreign currency out of the country.

Data from Nepal Rastra Bank (NRB) show that money spent by Nepalis abroad far exceeds revenue from foreign tourists visiting Nepal.

In the first seven months of the current Fiscal Year (FY), Nepalis spent a total of Rs 121.27 billion on overseas travel under the services account, a 5.1 percent increase from Rs 115.34 billion during the same period last year.

This surge in spending has put pressure on the services sector, with net service income showing a deficit of Rs 50.16 billion, compared to Rs 36.17 billion in the same period last year. Essentially, Nepalis are spending roughly Rs 50 billion more abro...