Saudi arabia : Expat remittances fell by 18% in November, according to Saudi Arabian Monetary Authority (SAMA).
The banking authority said $2.6 billion (SAR9.9bn) was transferred by expats in November, compaired to $3.2bn (SAR12bn) in the same month last year,
SAMA said remittances by Saudis also dropped by 39.5% – $1.2bn (SAR4.8bn) in November, compared to $2.1bn (SAR7.9bn) in 2017.
The value of retail (point of sale) transactions in the kingdom reached a record $56bn (SAR210bn) for the first 11 months of this year, up from $48bn (SAR180bn) in 2017.
