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SL records workers’ remittance of US $541mn in July

By: Isuru Parakrama

Colombo (LNW): Sri Lanka’s foreign remittances indicates a 78 per cent increase in July, 2023 compared to the corresponding period last year, amounting to US $541 million, disclosed Labour Minister Manusha Nanayakkara.

This surge in remittances reflects the strong dedication and contribution of Sri Lankan expatriates to their home country’s economy, and the consistent rise in remittances underscores the global workforce’s commitment to supporting their families and communities back home, the Minister said in a Social Media remark.

“Since the onset of global economic challenges, these remittances have played a vital role in stabilising the national economy, enabling families to meet their financial needs, and contributing to local development projects. The cumulative remittance sent by the Sri Lankan global workforce has now reached a noteworthy USD $3363.6 million, further emphasising their indispensable role in the nation’s economic growth. The Sri Lankan government acknowledges and appreciates the immense efforts of its expatriate community and remains committed to creating an environment that fosters and supports their valuable contributions,” he added.

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