Reduction in foreign remittances from Lankan workers

Teller · 1 Reduction in foreign remittances from Lankan workers Sun Mar 29, 2015 11:36 pm

Teller

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The Central Bank reports that foreign remittances, from Sri Lankan expatriates working abroad, reduced significantly in January.

Earnings from foreign remittances sent back home by Sri Lankan workers abroad, is one of the main streams of foreign exchange revenue for Sri Lanka.

The Central Bank reports that foreign remittances in January, amounted to 523.5 million US dollars, a 5.8 percent decrease from the 555.5 million US dollars earned in January 2014.

Earnings from foreign remittances in December 2014, amounted to 708.8 million US dollars. Reuters

Quibit

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What is the reason, can anyone guess?

Invest_Wisely

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Problems in the middle east I guess?

Invest_Wisely

Invest_Wisely

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Problems in the middle east I guess?

hettdas

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Low FD interest rates in Sri Lanka???

bandulawee

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I think December being the festive month all the savings are remitted home by the foreign workers. Also there could have been remittances from investments by many people in the former regime. This would have naturally slowed down after the election in January.

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Reduction in foreign remittances from Lankan workers

1 Reduction in foreign remittances from Lankan workers Sun Mar 29, 2015 11:36 pm

Teller

2 Re: Reduction in foreign remittances from Lankan workers Mon Mar 30, 2015 12:10 am

Quibit

3 Re: Reduction in foreign remittances from Lankan workers Mon Mar 30, 2015 6:53 am

Invest_Wisely

4 Re: Reduction in foreign remittances from Lankan workers Mon Mar 30, 2015 6:53 am

Invest_Wisely

5 Re: Reduction in foreign remittances from Lankan workers Mon Mar 30, 2015 9:03 am

hettdas

6 Re: Reduction in foreign remittances from Lankan workers Mon Mar 30, 2015 9:10 am

bandulawee

7 Re: Reduction in foreign remittances from Lankan workers

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