Sri Lanka’s Workers’ Remittances Slightly Decrease in September 2024

Date:

October 12, Colombo (LNW): Sri Lanka’s workers’ remittances amounted to USD 555.6 million in September 2024, reflecting a slight decrease compared to the USD 577.5 million recorded in August 2024. Despite the monthly decline, this figure marks a significant improvement from September 2023, when remittances stood at USD 482.4 million, showcasing year-on-year growth. The continued inflow of remittances remains crucial for the country’s foreign exchange reserves and economic stability.

Share post:

spot_imgspot_img

Popular

More like this
Related

Regulatory Uncertainty Threatens Foreign Investments amid Economic Fragility

Sri Lanka’s fragile investment recovery faces renewed pressure as...

Cyclone Shock Exposes Power Sector Fault Lines, CBSL Warns

The aftermath of Cyclone Ditwah did more than replenish...

Cyclone Ditwah Exposes Economic Fragility amid Policy Paralysis

Sri Lanka’s post-crisis economic recovery suffered a severe reversal...

China Pumps Millions into Colombo Port City as Policy Chaos Looms

China Harbour Engineering Company (CHEC) has doubled down on...