Remittances from migrant workers have surged by 400 per cent in the past week, days after the US Dollar being allowed to float, CBSL sources disclosed.
Accordingly, the decision taken by Finance Minister Basil Rajapaksa and Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabral to allow the US Dollar to float despite endless criticisms is coming into effect, believed to be having a positive impact on the country’s economy.
The surge of foreign remittances by 400 per cent has been confirmed by sources from the People’s Bank and the Bank of Ceylon (BOC) as well.
