Sri Lanka sees increase in workers’ remittances in Sep

Sri Lanka observed an increase of 10% in workers’ remittances in September this year compared to the inflows recorded in August, says Minister of Labour and Foreign Employment Manusha Nanayakkara.

Figures released by the Central Bank of Sri Lanka (CBSL) showed that workers’ remittances increased to 359 million in September 2022 from USD 325 million in August 2022.

Workers’ remittances also saw an increase of 29% (USD 80 million) compared to the inflows recorded in July 2022, Minister Nanayakkara said further.

On a cumulative basis, workers’ remittances recorded a decrease of 43.8% (year-on-year) to USD 2,574.1 million for the first nine months of 2022, according to the Central Bank’s data.

Sri Lanka’s Workers remittances increased to US$ 359 million in September 2022 from US$ 325 million in August 2022. This is a 10% (USD 34Mn) increase compared to the inflows recorded in August 2022 and 29% (USD 80 Mn) increase compared to the inflows recorded in July 2022. pic.twitter.com/ZYJABGk3KS

— Manusha Nanayakkara (@nanayakkara77) October 7, 2022