Riyadh – Mubasher: Remittances by expatriates in Saudi Arabia totalled SAR 12.057 billion ($3.21 billion) in January 2021.

This represents a decline of 11.75% from SAR 10.792 billion ($2.87 billion) in January 2020, according to data from the Saudi Central Bank (SAMA).

Monthly, the remittances reached an eight-month low and fell by 10.16% in January 2021 when compared to December 2020.

Saudis’ remittances rise 9.4%

During January 2021, remittances paid by Saudi citizens grew by 9.4% or SAR 367 million ($97.72 million) annually to SAR 4.27 billion ($1.13 billion).

On a monthly basis, the remittances tumbled by 10.85%.