Workers’ remittances rose 15.3Mn year-on-year to $ 1.8Bn in Feb’20 compared with $ 1.5Bn in Feb ’19. Larger amounts of workers’ remittances were received from KSA ($ 421.9Mn), UAE ($ 387.1Mn) and USA ($ 333.5Mn), recording a decrease of 2.6%, 2.1% and 0.5% compared to Jan’20 mainly due to the downward trend in oil price that has upset middle east economies. Remittances received in 8MFY20 amounted to $ 15.1Bn compared with $ 14.3Bn in 8MFY19.
11/03/2020