Record increase in remittances in 2023

Sri Lanka has recorded a 57.5% increase in workers’ remittances in 2023 compared to the preceding year, the Central Bank of Sri Lanka (CBSL) says.

The cumulative figure for January-December 2023 has thus seen a substantial improvement and was at USD 5,969.6 million.

According to official figures, workers’ remittances recorded in December 2023 were at USD 569.7 million, as opposed to November 2023, when the inflows reached USD 537 million.