Personal remittances of expatriates in Saudi Arabia jumped 5 percent year-on-year (YoY) to SR14.7 billion ($3.91 billion) in March.
Saudi Gazette, citing data released by the Saudi Central Bank (SAMA), said that compared to the previous month, remittances from expatriates in Saudi Arabia jumped 31 percent, or SR3.5 billion.
The remittances hit more than one-and-a half year high, since July 2020 when they reached SR15.2 billion, the report said.
Remittances by Saudi nationals to other countries rose 2 percent YoY to SR6.62 billion in March.
Saudi Arabia was the third largest source of remittances globally in 2020, just behind the UAE and the US, according to the World Bank.
The US was the biggest source country, sending $68 billion abroad last year, while foreign workers in the UAE sent home $43 billion and those in Saudi Arabia transferred $35 billion, said the report in May last year.
Among middle-income countries, immigrants to Russia were the biggest remitters, sending $17 billion.
