BIG INCREASE IN REMITTANCES FROM FOREIGNERS IN SAUDI ARABIA

BIG INCREASE IN REMITTANCES FROM FOREIGNERS IN SAUDI ARABIA

 

Foreign remittances from Saudi Arabia have risen sharply.

According to the Central Bank of SAMA, the growth rate in April was 35.6 per cent to 3.49 billion riyals.


Foreign remittances rose to 13.28 billion riyals from 9.79 billion riyals in the same period last year.

At the same time, remittances from Saudis have increased by 67 percent.

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