Remittances from Sri Lankan workers surge by 16.3%

 According to the Central Bank of Sri Lanka (CBSL), the remittances for February amounted to USD 548.1 million, contributing to a total of USD 1,121 million in remittances for the first two months of 2025.

 This marks a notable increase compared to the USD 963.7 million sent during the same period in 2024, demonstrating a steady growth in foreign income inflows.

 The SLBFE predicts that remittances will continue to grow, reaching an estimated USD 7 billion by the end of 2025. In 2024, remittances stood at USD 6.6 billion, indicating the vital role played by overseas workers in supporting the country's economy.

 The increased remittance flow is a positive sign for the country’s foreign reserves, providing essential financial support and stability.