Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Worker remittance up by 82% for the first two months of 2023 from 2022

EconomicsMar 12, 2023
Worker remittance up by 82% for the first two months of 2023 from 2022
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Worker remittances have improved in 2023 compared with 2022 on a narrow base. Average worker remittances for the first two months have been USD 1.1Bn in the pre-covid period compared to USD 845Mn in 2023. Inflow fell in Feb from the previous month.

Though the growth of worker remittances in the first two months of 2023 vs 2022 is 82%, it is learned that there is a deterioration of around USD 250Mn from the historical figures.


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