Wednesday 30 September 2020 - 8:12:12 am
International
2020 Sep 30 Wed, 12:20:29 am

Expats' remittances amounted to AED79.6 bn in H1-2020

ABU DHABI, 29th September, 2020 (WAM) -- Expats' remittances from the UAE amounted to AED79.6 billion in H1-2020, according to figures released by the Central Bank of the United Arab Emirates. These account for 48.2 percent of the total money transferred by foreign residents in the country during 2019, which totaled AED165 bn Q1 saw the transfer of AED41.4 bn while AED38.2 bn was remitted in the second quarter, with 76 pct the total transferred via money exchange companies operating in the country and the...