Search

Written by • 6:00 am• Business • Views: 28

Workers’ Remittances Rise 9.3% Despite Slower June Inflows

Foreign workers sent US$4.6 billion home during the first six months of 2026, keeping remittances on a strong growth path despite a slower performance in June.

Workers’ Remittances Rise 9.3% Despite Slower June Inflows

Sri Lanka’s workers’ remittances increased 9.3% year-on-year to US$695 million in June 2026, although inflows slowed compared with the previous month, according to the Central Bank of Sri Lanka (CBSL).

June’s remittances were lower than the US$847 million recorded in May, but remained higher than the US$635.7 million received in June last year.

First-Half Growth Remains Strong

During the first six months of 2026, Sri Lankan workers overseas remitted US$4.60 billion, an increase of 23.2% from US$3.74 billion recorded during the same period in 2025.

The figures indicate that remittances continue to provide strong support for the country’s foreign exchange earnings despite the softer monthly performance.

Exchange Rate Uncertainty Remains a Factor

Market analysts say fluctuations in the exchange rate can influence how overseas workers send money home, with some opting for informal channels during periods of uncertainty.

However, official remittances have remained well above last year’s levels following improvements in formal inflows over the past two years.

Editor’s Insight

Monthly remittances naturally fluctuate throughout the year. The stronger indicator is the broader trend, which shows overseas Sri Lankan workers continue to send more money home than they did a year ago, providing continued support for the economy.

Visited 28 times, 1 visit(s) today

Last modified: July 13, 2026