Riyadh - Foreigners Working In Saudi Arabia Repatriated 123.4 Billion Riyals In Ten Months Through Legal Means. During The Period From January 1 To The End Of October, Foreigners Sent Home 12,340 Crore Riyals Through Banks And Statutory Financial Institutions. Foreign Remittances During The Same Period Last Year Stood At 104.1 Billion Riyals. In The First Ten Months Of This Year, Foreigners Sent 1,935 Crore Riyals More Than Last Year. Foreign Remittances Grew By 18.6 Per Cent This Year.
According To The Saudi Central Bank, Foreign Remittances Amounted To 1.316 Billion Riyals In October. Foreign Remittances In October 2019 Stood At 1,104 Crore Riyals. Foreign Remittances Grew By 19.2 Per Cent In October. In October, Foreigners Sent More Than 210 Crore Riyals. However, Remittances Fell By 0.4 Per Cent In October Compared To September This Year. In September, Foreigners Sent 1,321 Crore Riyals. Foreign Remittances Fell By 4.9 Crore Riyals In October Compared To September.
This Year, 1,079 Crore Riyals In January, 1,084 Crore Riyals In February, 1,222 Crore Riyals In March, 9,792 Crore Riyals In April, 1,183 Crore Riyals In June, 1,521 Crore Riyals In July And 1,237 Crore Riyals In August Were Repatriated Through Legal Channels.
Foreign Remittances Have Been Declining For Four Years. Last Year, Foreign Remittances Fell By 8% To 12,550 Crore Riyals. In 2018, Foreigners Sent Home 13,640 Crore Riyals. Remittances Are At Their Lowest Level In Four Years Last Year. Foreign Remittances Declined By 3.7 Per Cent In 2018, 6.7 Per Cent In 2017 And 3.2 Per Cent In 2016.
Remittances From Expatriates For Personal Use Fell 18.3 Percent In October. In October, The Country Sent 424 Crore Riyals Abroad. In October 2019, It Was 519 Crore Riyals. In October, Remittances From Expatriates For Personal Use Fell By 94.9 Crore Riyals.
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