Riyadh – Mubasher: Remittances by expatriates living in Saudi Arabia decreased during the first 11 months of 2019 by around 8.9% or SAR 11.15 billion to a total of SAR 113.97 billion ($30.39 billion).

Last month, expat remittances levelled up by 0.14% on an annual basis to SAR 9.91 billion ($2.64 billion), according to data by the Saudi Arabian Monetary Authority (SAMA).

However, remittances in November declined by 10.2% compared to the figure recorded in October at SAR 11.04 billion ($2.94 billion).

As for Saudis’ remittances, a decrease by 4.7% or SAR 2.6 billion was recorded during the eleven-month period, to a total of SAR 53.14 billion.

Saudi remittances registered SAR 5.95 billion in November, surging by 23.8% on an annual basis and by 14.8% compared to its level in October.