Inflation ( CCPI)5.9% (Feb 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

The flow of Worker Remittance is stilling struggling

EconomicsNov 12, 2022
The flow of Worker Remittance is stilling struggling

The FX inflows to Sri Lanka are yet to show progress other than exports which maintain a USD 1Bn floor per month. Worker remittances are the next biggest and easiest path for the country as tourism is still very small and FDI & rest is nowhere near.

The decline of the worker remittance in terms of USD from a year earlier is 40%, but in terms of LKR, it is just 3%.

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