Jan-April worker remittances up 26% to $ 1.68 b

Tuesday, 12 July 2011 00:43 - - {{hitsCtrl.values.hits}}

The Central Bank said yesterday that during April 2011, workers’ remittances increased by 22.1% to $ 415 million over the same month of 2010, whilst the cumulative figure for first four months grew by 26% to $ 1.68 billion.

The gross official reserves continued to remain above the targeted level and stood at $ 7 billion by end May 2011, without Asian Clearing Union (ACU) balances. Based on the previous 12-month average expenditure on imports of $ 1,339 million per month, the gross official reserves without ACU balances were equivalent to 5.2 months of imports.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.