April 7, 2023
1 min read

Lanka sees significant jump in remittances

The South Asian country got $437.5 million in remittances in January, and $407.4 million in February…reports Asian Lite News

Sri Lanka saw a significant increase in remittances so far this year with over $560 million sent back by migrant workers in March, Minister of Labour and Foreign Employment Manusha Nanayakkara said on Friday.

Announcing the monthly remittances received, the Minister said it marked a 78.5 per cent increase from the inflows recorded in March 2022, reports Xinhua news agency.

Nanayakkara said remittances by migrant workers have increased remarkably this year.

The South Asian country got $437.5 million in remittances in January, and $407.4 million in February, Central Bank of Sri Lanka data showed.

Official figures for the 2021 and 2022 totals were $5.49 billion and $3.8 billion, respectively.

Migrant workers’ remittances are one of the main sources of foreign revenue for Sri Lanka.

ALSO READ: Lanka to finalise talks with creditors before 1st IMF review

Previous Story

Less travelled roads in South Africa for next trip

Next Story

Ukraine war is West’s fault: Lula

Latest from -Top News

Lahore Tops World Pollution Chart

Along with Lahore, Pakistan’s Karachi also featured in the top 10 most polluted cities globally. …reports Asian Lite News Lahore, Pakistan, continues to hold the title of the world’s most polluted city.

Sudan army pulls out as RSF seizes El-Fasher

al-Burhan made the announcement late on Monday, a day after the RSF claimed to have captured the main Sudanese army base in el-Fasher….reports Asian Lite News Sudan’s army chief, General Abdel Fattah

India vigilant as Nepal faces political uncertainty

Indian agencies suspect that external elements are making attempts to create a political vacuum in the country. …reports Asian Lite News India is closely monitoring political developments in Nepal, emphasising that stability
Go toTop

Don't Miss

Lanka blocks Chinese ‘spy’ ship after pressure from India

According to a bilateral agreement signed in 1987, no Sri

Lanka pins hopes on Indian holidaymakers

After witnessing two Covid-19 waves, Sri Lanka’s tourism was further