$100 banknote
Remittances by expatriates in Saudi Arabia rose in March by 4% year-on-year (YoY) to SAR 11.96 billion, according to recent data released by the Saudi Central Bank (SAMA) 
Expat remittances in March hit the highest level in nearly two years, or since June 2022.
Remittances by Expatriates (SAR bln)
Month
2023
2024
Change
January
10.52
10.41
(1%)
February
9.77
9.33
(5%)
March
11.52
11.96
+4%
April
9.92
—
—
May
11.27
—
—
June
10.84
—
—
July
10.63
—
—
August
10.77
—
—
September
9.91
—
—
October
10.90
—
—
November
10.14
—
—
December
10.65
—
—
Remittances by Saudi nationals to other countries dropped 9% YoY to SAR 5.12 billion in March.
Remittances by Saudi Nationals (SAR bln)
Month
2023
2024
Change
January
5.23
5.48
+5%
February
4.48
4.68
+4%
March
5.64
5.12
(9%)
April
3.92
—
—
May
5.84
—
—
June
5.15
—
—
July
5.80
—
—
August
4.91
—
—
September
4.66
—
—
October
5.54
—
—
November
5.03
—
—
December
5.75
—
—
$100 banknote
Remittances by expatriates in Saudi Arabia rose in March by 4% year-on-year (YoY) to SAR 11.96 billion, according to recent data released by the Saudi Central Bank (SAMA)
Expat remittances in March hit the highest level in nearly two years, or since June 2022.
Remittances by Expatriates (SAR bln)
Month
2023
2024
Change
January
10.52
10.41
(1%)
February
9.77
9.33
(5%)
March
11.52
11.96
+4%
April
9.92
—
—
May
11.27
—
—
June
10.84
—
—
July
10.63
—
—
August
10.77
—
—
September
9.91
—
—
October
10.90
—
—
November
10.14
—
—
December
10.65
—
—
Remittances by Saudi nationals to other countries dropped 9% YoY to SAR 5.12 billion in March.
Remittances by Saudi Nationals (SAR bln)
Month
2023
2024
Change
January
5.23
5.48
+5%
February
4.48
4.68
+4%
March
5.64
5.12
(9%)
April
3.92
—
—
May
5.84
—
—
June
5.15
—
—
July
5.80
—
—
August
4.91
—
—
September
4.66
—
—
October
5.54
—
—
November
5.03
—
—
December
5.75
—
—
