Riyadh, Saudi Arabia – Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92 billion ($3.15bn) in August, according to recent data released by the Saudi Central Bank (SAMA).
On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent %, or SAR 323 million ($85.47m).
Meanwhile, remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.