Remittances increase to USD 325M

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The Sri Lanka Foreign Employment Bureau (SLFEB) said remittances by Sri Lankan migrant workers had increased by 16.4 per cent last month in comparison to last July.

According to SLFEB sources, foreign remittances by Sri Lankan expats in July, which had been tabulated at USD 279 million, had spiked to USD 325 million during August. Hence, its sources said foreign remittances had increased by USD 46 million and they added that the remittances had been made via legal banking systems.

By Amith Gamage