Statistics have shown that Sri Lankans working in Maldives remitted USD 557 million to their home country in 2022 alone.
Sri Lanka received USD 29.3 million in remittances in the first quarter of this year alone, Economy Next reported citing figures from the Central Bank of Sri Lanka.
A lot of Sri Lankans work in the Maldives, most of them employed in resorts, travel agencies and shipping companies.
According to the Central Bank of Sri Lanka, USD 557 million was sent from Maldives to Sri Lanka last year as remittances. This is a 12 percent increase over the previous year.
It is equivalent to 62.23 percent of the dollar revenue collected by the Maldives Inland Revenue Authority (MIRA) in 2022. MIRA collected USD 895 million in dollars last year.
