Workers’ remittances up 5.4% in Feb

Workers’ remittances recorded a growth of  5.4% year on year to US $ 527 million in February 2020,  latest External Sector Performance report of the Central Bank of Sri Lanka outlines.

On a cumulative basis, workers’ remittances grew by 6.0% to US $ 1,108 million during the first two months of 2020 in comparison to the corresponding period of 2019. However, workers’ remittances are also likely to be affected by the COVID-19 outbreak in the forthcoming months, with key sources of remittances such as Italy, South Korea and the Middle East being affected by the pandemic and the resultant economic slowdown.        

The post Workers’ remittances up 5.4% in Feb appeared first on Adaderana Biz English | Sri Lanka Business News.

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