$100 currency
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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