Saturday, 15 August 2009


Despite the global economic downturn which affected the foreign exchange earnings of many countries, Sri Lanka's foreign remittances from expatriate Sri Lankans working in many parts of the world recorded an increase of five percent compared to 2008, a senior official of the Central Bank of Sri Lanka told Daily News Business.

Migrant workers

He said, "Foreign remittances during the first half of 2009 were US$ 1.6 billion while remittances during the corresponding period in 2008 were US$ 1.5 billion, a five percent growth over last year."

"However, during the first quarter of 2009 the remittances showed a slight decrease - US$ 774 million by Sri Lankan expatriates, compared to US$ 787 million during the corresponding period in 2008," he said. Read more

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