Remittances from expatriates in Saudi Arabia increased marginally year-on-year (YoY) in the first nine months (9M) of 2018, to SAR 103.5 billion from SAR 103.4 billion, the Saudi Arabian Monetary Authority (SAMA) reported.
In addition, remittances edged up to SAR 32.439 billion in the third quarter (Q3) of 2018 as compared to SAR 32.380 billion in the same period last year, SAMA said.
Meanwhile, money transfers by Saudis went up 2.45 percent to SAR 46 billion during 9M 2018, from SAR 44.9 billion in the same period of 2017.
Saudis’ transfers decreased by 24.8 percent to SAR 12.986 billion in Q3 2018 as compared to SAR 17.275 billion in the same period a year earlier.
|
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 |
|
+3% |
11.72 |
11.41 |
April |
|
(2%) |
12.75 |
13.04 |
May |
|
+2% |
10.60 |
10.43 |
June |
|
+8% |
12.18 |
11.29 |
July |
|
(17%) |
10.43 |
12.55 |
August |
|
+15% |
9.48 |
8.55 |
September |
|
-- |
-- |
12.20 |
October |
|
-- |
-- |
12.02 |
November |
|
-- |
-- |
14.04 |
December |
|
-- |
-- |
141.66 |
Total |
Remittances sent by Saudi nationals to other countries rose 25 percent YoY to SAR 4.78 billion in September.
|
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 |
|
+27% |
4.94 |
3.89 |
April |
|
(17%) |
5.93 |
7.12 |
May |
|
+14% |
3.44 |
3.03 |
June |
|
(33%) |
4.52 |
6.70 |
July |
|
(45%) |
3.69 |
6.77 |
August |
|
+25% |
4.78 |
3.81 |
September |
|
-- |
-- |
6.42 |
October |
|
-- |
-- |
7.95 |
November |
|
-- |
-- |
6.05 |
December |
|
-- |
-- |
65.27 |
Total |
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