Data from the Saudi Central Bank revealed that foreigners transferred 133.1 billion riyals during the first 11 months of 2022, a decrease of 9.6 billion riyals, or 6.7 percent compared to their transfers in the same period of the previous year 2021, which were 142.8 billion riyals.
Foreign transfers amounted to 10.5 billion riyals during the month of November, a decrease of 2447 million riyals, or 18.9 percent from their transfers in November of the previous year 2021, which were 12.97 billion riyals. While foreigners' remittances declined by 6.4 percent from their remittances, which amounted to 11.2 billion riyals during the month of October of this year, to record the lowest level in two and a half years, specifically since April 2020.
Transfers from Saudis declined to 6.3 billion riyals during November 2022, by 11.8 percent from November 2021 transfers, which were 7.2 billion riyals. While it increased by 6.6 percent from October 2022 transfers, which were 5.9 billion riyals.
Source (Al-Arabiya.net Website, Edited)
