Cabinet approves to increase incentive for promotion of emigrant remittances

Cabinet of Ministers has approved a proposal to increase the current incentive allowance of Rs. 10 per dollar to Rs. 38 per dollar.

The Foreign Employment Sector, a major source of foreign exchange for Sri Lanka, remits of
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.