Sri Lanka sees strong growth in worker remittances in Jan 2025

Date:

February 09, Colombo (LNW): Sri Lanka’s foreign workers’ remittances reached a total of US$ 573 million in January 2025, marking a substantial 17.5 per cent increase compared to the same period last year, according to the Central Bank of Sri Lanka (CBSL).

In January 2024, the country received US$ 487.6 million, reflecting the significant growth in remittance inflows over the past year.

This positive trend follows a robust performance in December 2024, when Sri Lanka recorded an even higher sum of US$ 613.8 million in remittances.

The continued increase in these remittances is seen as a vital support to the Sri Lankan economy, providing much-needed foreign currency reserves and supporting local households reliant on funds sent by family members working abroad.

Experts suggest that while the figures for January 2025 reflect a promising start to the year, maintaining this momentum will be essential for bolstering the nation’s foreign exchange reserves and ensuring sustainable economic recovery.

Share post:

spot_imgspot_img

Popular

More like this
Related

IMF Chief Warns of AI Divide, Calls for Urgent Ethical and Regulatory Reforms

IMF Chief Warns of AI Divide, Calls for Urgent Ethical and Regulatory Reforms

Fugitive ‘Ishara Sewwandi’ Linked to Underworld Killing Apprehended in Nepal

Fugitive ‘Ishara Sewwandi’ Linked to Underworld Killing Apprehended in Nepal

Sri Lankan Travel Firm Earns International Acclaim at Prestigious Global Awards

Sri Lankan Travel Firm Earns International Acclaim at Prestigious Global Awards

Supreme Court Orders Police Officers to Compensate Bus Operator Over Rights Violations

Supreme Court Orders Police Officers to Compensate Bus Operator Over Rights Violations