Workers’ remittances have increased by 12.2% to $ 702 million in July from a year earlier, the Central Bank saidHowever, on a cumulative basis, workers’ remittances declined by 5.5% to $ 3.68 billion during the first seven months of 2020 in comparison to the corresponding period of 2019.

In June remittances grew by 6.7% to $ 572 million from a year earlier. The higher inflows in July helped to reduce the year-to-date figure as in the first six months the decline was 8.9%.

Foreign outflow from Govt. securities market tops $ 500 m