Saudi Expat Remittances Drop

Expat remittances from Saudi Arabia fell 22 percent year-over-year to SR9.99 billion in May 2019, according to the Saudi Arabian Monetary Authority (SAMA).

Month 2018 2019Difference
January 10.39 11.02 +6%
February 12.80 9.65 -25%
March 12.80 11.26 -12%
April 11.72 10.72 -9%
May 12.75 9.99 -22%

However, remittances sent by Saudi nationals increased by 5 percent to SR6.21 billion in May 2019.

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