Foreign exchange remitted by migrant workers has reached a new high.The Foreign exchange remitted by these workers last year was 330 billion rupees. In 2008 it was 290 billion rupees. The reported increase is 14 percent.Foreign Exchange Bureau Chairman Kingsley Ranawana said this is the highest earnings so far registered. The total number which took up foreign jobs last year was over 247 thousand. A majority of them had gone to Saudi Arabia. The figure was 77,826.
The Foreign Employment Bureau attributed the increased flow in foreign exchange to the country to skilled workers taking up foreign jobs,increase of salaries of domestic aides after 11 years, providing knowledge to workers on financial management and making Non Resident Foreign Currency Savings mandatory.
Courtesy: Government Information Department
Sun, Mar 7, 2010
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