Additional Rs. 38 for every US dollar sent by expats
The Central Bank has decided to pay an additional premium of Rs.38 for every US dollar sent by expatriate workers through approved channels.
The Department of Government Information said that the Foreign Employment Sector, a major source of foreign exchange for Sri Lanka, remits approximately US $ 7-8 billion annually to Sri Lanka.
The foreign exchange earned by migrant workers should be appreciated and more economic benefits should be given to their family members and dependents to encourage the remittances into the country during the coming New Year, it added.
Accordingly, the Cabinet of Ministers has approved the proposal presented by Minister of Labour Nimal Siripala de Silva to increase the current incentive allowance of Rs.10 per dollar to Rs.38 per dollar.
The incentive will be offered till April 2022.
When you reform the pickpocket law of automatically depriving SL born individuals of the citizenship, once they become a citizen of another country, lot more people will deposit lot more money. Most of them don’t want to pay 100,000s ransom to get back what they were born with and not voluntarily given up or deposit their money even if they can.
Of course Indra Akke,
The entire economy is dependent on stolen money.
See how they change the name board of high schools and techs to universities and produce ‘Graduates’ who are good for nothing but, who fly to foreign lands, sweep roads, clean toilets and send money back to the Motherland in USD’s and then the politicians buy luxury four wheel drives.
Saubhagye Dekma, Indra Akke, few years ago we Pissu Sira leading Yahahapalanaya.
We live in the sh** hole !!!!
Foreign Employment Sector, a major source of income for Sri Lanka, What do you expect from work shy idling Sri Lanken lazy work force.
It is because like almost all Srilankans, Roxie de Abrew (well possible an assumed name) is only capable of doing nothing but criticizing anything and everything but intellectually bankrupt of coming up with any remotely possible solution. They only see a half full glass as half empty, nothing else.