Expat remittances from Saudi Arabia fall to SAR 11.2 bln in February

30/03/2022 Argaam Special
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Remittances from expatriates in Saudi Arabia declined by 1% year-on-year (YoY) to SAR 11.20 billion in February 2022, according to recent data released by the Saudi Central Bank (SAMA).

 

Compared to January 2022, remittances from expatriates in Saudi Arabia fell 11%, or SAR 1.32 billion.

 

Remittances by Expatriates (SAR bln)

Month

2021

2022

Change

January

12.06

12.52

+4%

February

11.30

11.20

(1%)

March

14.05

--

--

April

13.28

--

--

May

12.53

--

--

June

13.49

--

--

July

12.52

--

--

August

13.74

--

--

September

13.35

--

--

October

13.48

--

--

November

12.97

--

--

December

11.10

--

--

 

 

Meanwhile, remittances by Saudi nationals to other countries rose 34% YoY to SAR 5.45 billion in February.

 

Remittances by Saudi Nationals (SAR bln)

Month

2021

2022

Change

January

4.27

6.21

+45%

February

4.08

5.45

+34%

March

6.52

--

--

April

4.94

--

--

May

5.13

--

--

June

6.42

--

--

July

4.14

--

--

August

5.74

--

--

September

5.79

--

--

October

5.51

--

--

November

7.18

--

--

December

5.75

--

--

 
 

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