Workers’ remittances down in June but up 1H

Saturday, 14 August 2021 00:55 - - {{hitsCtrl.values.hits}}

The Central Bank said yesterday that workers’ remittances declined in June 2021 year-on-year though they were up in the first half in comparison to the corresponding period of last year.

It said workers’ remittances decreased to $ 478 million, recording a year-on-year decline of 16.4% in June 2021. However, workers’ remittances in June 2021 remained higher than the $ 460 million recorded in May 2021.

During the first half of the year, workers’ remittances recorded a growth of 11.6%, year-on-year, to $ 3,324 million.

1H trade deficit widens YoY by $ 1 b to $ 4.3 b