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.
