Workers’ remittances Improved In Jan 2024

COLOMBO (News 1st); The Central Bank of Sri Lanka said that Workers’ remittances increased in January this year, compared to the previous year.

Workers’ remittances amounted to US dollars 488 million in January 2024, in comparison to US dollars 437 million in January 2023 and US dollars 570 million in December 2023.

Workers’ remittances continued to record a broad-based increasing trend, despite intermittent
seasonal fluctuations, since recording a notable recovery in 2022.

Foreign investments in the government securities market, which continued to record net outflows in
recent months, recorded a net outflow of US dollars 10 million in January 2024 as well.

Meanwhile, foreign inflows to the Colombo Stock Exchange (CSE), including both primary and secondary market transactions, recorded net outflows of US dollars 5 million in January 2024.