Tuesday, September 29, 2020
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Workers’ remittances up 12% in July

Workers’ remittances have increased by 12.2% to $ 702 million in July from a year earlier, the Central Bank saidHowever, on a cumulative basis, workers’ remittances declined by 5.5% to $ 3.68 billion during the first seven months of 2020 in comparison to the corresponding period of 2019.

In June remittances grew by 6.7% to $ 572 million from a year earlier. The higher inflows in July helped to reduce the year-to-date figure as in the first six months the decline was 8.9%.

(FT)