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UAE expats' remittances hit Dh80.96 billion in first half of 2019

UAE expats remittances, forex, exchange rate

Abu Dhabi - India took home the crown as the top-receiving country for earnings made by migrants.



By Wam

Published: Mon 23 Sep 2019, 11:34 PM

Last updated: Tue 24 Sep 2019, 10:22 AM

Expats' remittances from the UAE amounted to Dh80.96 billion during H1-2019, according to figures released by the Central Bank of the United Arab Emirates.
A total of Dh33.046 billion thereof was transferred through money exchange companies and the rest from the banks operating in the country.
India took home the crown as the top-receiving country for earnings made by migrants, comprising 37.2 per cent of total remittances during Q2.
Indians are followed by Pakistani beneficiaries, comprising 10.5 per cent, then Filipinos, 7.2 per cent, in the third place, with Egyptians making up 6.3 per cent, UK nationals, 3.8 per cent, Bangladeshis, 3.7 per cent, US nationals, 3.3 per cent, Jordanians 2.6 per cent, the Swiss, 2.2 per cent and finally Chinese, 1.5 per cent.


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