2019 පසු ඉහලම අගය: Sri Lanka official remittances up 57-pct to $5.97 bln in 2023; ජෙප්පො අනාථයි

monson

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    :lol:

    Sri Lanka official remittances up 57-pct to $5.97 bln in 2023; improved FX policy helps

    Sunday January 7, 2024 12:04 am

    ECONOMYNEXT – Sri Lanka’s remittances coming through official channels went up to 57 percent to $5.97 billion in 2023, from $3.8 billion a a year earlier, helped by improved exchange rate after better monetary policy.
    The last year’s remittances recorded the highest annual inflows from the Sri Lankan expatriates since 2019.
    In December, Sri Lanka received $569.7 million from official channels, up 19.7 percent from $475.6 million in the same month a year earlier, the official data showed.
    Sri Lanka’s external sector started to stabilize in September 2022, when the central bank started to run balance of payments surpluses after ending money printing to sterilize interventions made with Indian Asian Clearing Union money.
    Worker remittances coming through official channels fell in 2021 which could not be paid for by the banking system at the official rate as money was printed to sterilize interventions and keep a policy rate down, triggering parallel exchange rates, which were settled outside the formal banking system.
    From April 2022 rates were raised by unprecedented levels, slowing credit and the need to print money to keep rates down. (Colombo/Jan 06/2024)


    - https://economynext.com/sri-lanka-o...-bln-in-2023-improved-fx-policy-helps-146276/


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    Hyaenidae

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    wissnshaftler

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