Workers’ remittances declined in September 2021, in comparison to the same period a year earlier, the Central Bank of Sri Lanka (CBSL) has announced.
Issuing a statement, the CBSL said workers’ remittances amounted to US dollars 353 million during September 2021, in comparison to US dollars 703 million in September 2020.
On a cumulative basis, workers’ remittances during January-September 2021 amounted to US dollars 4,577 million, which is a decline of 9.3 per cent, over the same period in the previous year.
The CBSL further said total departures for foreign employment recorded a growth of 38.6 per cent to 12,274 in September 2021 from August 2021.
The growth was recorded mainly in the categories of skilled (4,503), unskilled (3,216), and housemaids (2,486).
The bank pointed out that this indicates that, with targeted measures to enhance remittance flows, there is a likelihood that workers’ remittances will revert to an upward trend in the period ahead.
The statistics were released in the report on the External Sector Performance for September 2021 issued by the Central Bank of Sri Lanka. (NewsWire)
