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Thursday September 29th, 2022

Sri Lanka approves Rs38 incentive for worker remittance amid float move

ECONOMYNEXT – Sri Lanka’s cabinet of minister had approved a 38 rupee incentive to expat workers in pace of the current 10 rupees, Cabinet spokesman Minister Dullas Alahapperuma said.

“This is an incentive to bring in more remittances,” Minister Alahapperuma said. “The cabinet approved it before the decision was made to change the exchange rate.

“The central bank will clarify the decision tomorrow.”

The proposal by Labour Minister Nimal Siripala de Silva said worker remittances will be paid 38 rupees instead of the current 10 rupees.

Minister Alahapperuma said the central will call a press conference on Wednesday and clarity matters. (Colombo/Mar08/2022)

Comments (3)

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  1. aruna fonseka says:

    only a financial moron would send his or her hard earned cash back to Sri Lanka by official channels. What the country needs is a huge rise in taxes for the higher earners plus a similar giant rise in house taxes for owners of the many ” Mini Mansions “. This is the reason for the reluctance of going to the IMF which will most probably insist on such a move.

  2. Iresh Wickramasinghe says:

    This is a total lie. they just paid RS 2 per 1USD instead. actually, they reduce Rs8 now. before we got Rs.10 per dollar.

    1. Shiron Mohamed says:

      still valid?

View all comments (3)

Comments (3)

Your email address will not be published.

  1. aruna fonseka says:

    only a financial moron would send his or her hard earned cash back to Sri Lanka by official channels. What the country needs is a huge rise in taxes for the higher earners plus a similar giant rise in house taxes for owners of the many ” Mini Mansions “. This is the reason for the reluctance of going to the IMF which will most probably insist on such a move.

  2. Iresh Wickramasinghe says:

    This is a total lie. they just paid RS 2 per 1USD instead. actually, they reduce Rs8 now. before we got Rs.10 per dollar.

    1. Shiron Mohamed says:

      still valid?