Expatriate remittances increase to USD 325M

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The Labour and Foreign Employment Ministry said expatriate remittances are up 16 per cent to USD 325 million and the number of overseas job departures exceeded 200,000 in 2022.

Labour and Foreign Employment Minister Manusha Nanayakkara said, the foreign exchange sent by expatriate workers to Sri Lanka has increased by 16.4 per cent in August compared to July 2022, and the number of workers who have registered with the Sri Lanka Bureau of Foreign Employment (SLBFE) to leave for foreign jobs this year has exceeded 200,000.

According to the minister, the amount of foreign labour remittances, which was USD 279 million in July 2022, had increased by USD 46 million to USD 325 million by August 2022.

Nanayakkara said, he would like to express his gratitude to every expatriate worker who has sent money through the banking system legally, and that all Sri Lankans need the support of expatriate workers at this time, with the country facing a foreign exchange shortage.

This year, the target was to send 300,000 workers for foreign jobs and the target has been increased to 330,000 due to high demand, both on the part of job seekers and the labour receiving countries.

(NV)