Expat remittances from Saudi Arabia edge up 0.4% in March

03/05/2018 Argaam Special

Remittance outflows by expatriates in Saudi Arabia rose 0.4 percent year-on-year (YoY) to SAR 12.8 billion in March, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

On a monthly basis, expat remittance outflows grew by SAR 10 billion. 

Expat Remittances (SAR bln)

Variation

2018

2017

Month

(18%)

10.39

12.62

January

+19%

12.80

10.77

February

+0.4%

12.80

12.75

March

--

--

11.41

April

--

--

13.04

May

--

--

10.43

June

--

--

11.29

July

--

--

12.55

August

--

--

8.55

September

--

--

12.20

October

--

--

12.02

November

--

--

14.04

December

--

--

141.66

Total

Remittances sent by Saudi nationals to other countries increased 41 percent YoY to a total of SAR 6.27 billion in March.

Saudi Remittances (SAR bln)

Variation

2018

2017

Month

+25%

6.18

4.96

January

+52%

6.26

4.13

February

+41%

6.27

4.46

March

--

--

3.89

April

--

--

7.12

May

--

--

3.03

June

--

--

6.70

July

--

--

6.77

August

--

--

3.81

September

--

--

6.42

October

--

--

7.95

November

--

--

6.05

December

--

--

65.27

Total


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