Sri Lanka News / Foreign notes rained heavily in Sri Lanka in 3 months, minister said- auspicious sign

Sri Lanka News: There is good news for Sri Lanka, which has been facing political and economic crisis for the last two years. Here the domestic economy is slowly coming back on track. At the same time, there has been a relief news regarding the foreign exchange reserves of the country. Actually it is raining foreign notes on Sri Lanka. In the last three months, the money coming from outside has created great confidence in the mind of the country's economists about the economic security of the country.

Good sign for the economy: Nanayakkara

Sri Lanka has seen a significant increase in remittances so far this year, with $560 million sent back by migrant workers in March, India's maritime neighbor's Labor and Foreign Employment Minister Manusha Nanayakkara said on Friday. have seen. Announcing the monthly funds received, the minister said it is 78.5 per cent more than the inflow recorded in March 2022, reports Xinhua news agency.

Heavy rain of notes will fill foreign exchange reserves

Nanayakkara said that there has been a significant increase in remittances by migrant workers this year. Data from the Central Bank of Sri Lanka showed that the South Asian country received $437.5 million in remittances in January and $407.4 million in February. The total official figures for 2021 and 2022 were $5.49 billion and $3.8 billion respectively. This money coming from outside of migrant workers is one of the main sources of foreign revenue for Sri Lanka.