Sri Lanka receives USD 6.86 billion in remittances over nine months

Sri Lanka's workers' remittances totalled USD 6.86 billion in the January-September period, underscoring the continued reliance on overseas employment income to support the country's balance of payments position.

Remittance inflows have emerged as a vital source of foreign currency for Sri Lanka, particularly as the nation works to stabilize its economy and rebuild foreign reserves following the severe external sector challenges experienced in recent years.

The significant remittance flows reflect the large Sri Lankan diaspora working across the Middle East, Europe, North America, and other developed economies. These transfers provide essential support to families on the island and contribute substantially to domestic consumption and investment.

As Sri Lanka continues its economic recovery efforts, remittance income is expected to play an important role in sustaining foreign exchange availability and supporting the country's external sector stability through the remainder of the year.