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Remittances on the increase

Sep 11, 2010 4:56:25 AM - itnnews.lk

The Central Bank has said that the remittances made by expatriate Sri Lankans have steadily increased.

The foreign Exchange reserves have increased by 3.8 billion US dollars since the country was liberated from terrorism. Financial aid received by people in the North and East, as well as sustained inflows from the Middle East have contributed to these conditions. The value of the Sri Lankan rupee has also been stabilized. Acting Director of the Central Bank’s Economic Research Department Swarna Gunaratne said that the situation will continue to improve.