Expatriate remittances up 16 % to USD 325 M


The Central Bank of Sri Lanka (CBSL)  said foreign exchange sent by expatriate workers to Sri Lanka has increased by 16.4 per cent in August compared to July this year, 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 Labour and Foreign Employment Minister, Manusha Nanayakkara, foreign labour remittance which was US$ 279 million in July has increased by USD 46 million to USD 325 million by August.  The Minister said he expresses 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.

 Meanwhile, SLBFE confirmed that those leaving for foreign employment have exceeded 200,000.

This year there was a target of sending 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 labour receiving countries.