In the first five months of this year, the remittances received from Sri Lankans working abroad has increased to US$ 2,346.9 million, the Central Bank of Sri Lanka has announced. The value of the remittances during the same period last year was US$ 1,335.6 million. The remittances received by Sri Lanka this year compared to first five months last year has increased by 75.7 percent.
In the month of May 2022, remittances of US$ 304.7 million were received and compared to this, the remittances received in May this year is US$ 479.7 million, showing an increase in remittances this year.
Meanwhile, in the month of April 2022, Sri Lanka received remittances to the tune of US$ 249 million and the remittances received in the month of April this year is US$ 454 million.
In 2022, 311,056 Sri Lankans went abroad for work and this year, 95,892 people have gone abroad for work during the period from January to April 1. The number of people who went abroad for work in April this year is 19,774.
The Central Bank of Sri Lanka, which states that there is a remarkable growth in the remittances sent by Sri Lankans working abroad, points out that this is a positive situation and due to this, the Foreign Reserves in the country will increase.