Sri Lanka Remittances May Rise to Record $3.8 Billion After War
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Remittances sent home by Sri Lankan nationals overseas may rise to a record $3.8 billion in 2010, a central bank official said, adding that policy makers will ensure stability of the currency as the flows increase.
“We are still getting sustained inflows from the Middle East and people are sending more money to their families in the north and east since the war ended,” Swarna Gunaratne, acting director of the central bank’s economic research department, said in a telephone interview today.