ECONOMYNEXT – Sri Lanka’s current foreign exchange earnings from exports, remittances and gross services, totaled 2,033 million dollars in June 2024, exceeding imports by 586 million US dollars, official data showed.
Exports were 1,077 million US dollars in June, remittances were 519.6 million dollars and gross services including tourism were 436.2 million US dollars, giving local residents foreign exchange to make imports, travel abroad or buy any other foreign services.
Net services after deducting travel abroad air and sea transport was 198 million US dollars.
Imports were 1,446 million US dollars in June. Imports are usually calculated to included insurance and freight, while exports are free on board.
Any money saved can be used to repay debt or build private or official reserves as long as they can be borrowed by the central bank (for Treasury bills) or banks as deposits.
- https://economynext.com/sri-lanka-f...ngs-exceed-imports-by-us586mn-in-june-174796/
