Oman recorded its lowest remittances from the sultanate in 2020 since the year 2013, new statistics showed.
The results released by the Central Bank of Oman (CBO) showed that workers remitted OMR 3.373 billion in 2020, according to the annual report released by CBO.
A total amount of OMR3.109 billion was remitted in the country in 2012, making it lower than 2013, but figures had been on the rise since then climbing to OMR3.501 billion in 2013, OMR3.961 billion in 2014, and OMR4.226 billion in 2015, before dipping to OMR3.965 billion in 2016 and OMR3.774 billion in 2017.
Remittances rose slightly in 2018 to reach OMR3.829 billion, before falling to OMR3.512 billion in 2019.
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