Workers’ remittances dip by 15.6%

Adverse economic and geopolitical conditions prevailing in the Middle Eastern region continued to have a negative impact on workers’ remittances in April 2017.

Workers’ remittances declined by 15.6 per cent to US$ 487.9 million in April 2017 from US$ 578.0 million in April 2016.

Furthermore, the cumulative inflow from workers’ remittances also declined by 6.3 per cent to US$ 2,221.7 million during the first four months of 2017, relative to the corresponding period of 2016.