Sri Lanka’s worker remittances down 10-pct in August

ECONOMYNEXT – Remittances from migrant Sri Lankan workers, a key source of foreign exchange earnings, fell 10.0 per cent to 556.6 million US dollars in August 2017 from a year ago, the central bank said in a statement.

“Adverse economic and geopolitical conditions prevailing in the Middle Eastern region continued to have a negative impact on workers’ remittances,” it said.

The cumulative inflow from workers’ remittances also declined by 6.3 per cent to 4,503.3 million US dollars during the first eight months of 2017, from the corresponding period of 2016.
(COLOMBO, October 18, 2017)

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