FOREX CARD

SAMA: Foreign currency credit score card transactions decrease – Arab News


RIYADH: The Saudi Arabian Financial Agency (SAMA) revealed that credit score card transaction quantities in international currencies experienced noticeably declined throughout the final months of 2019, the Saudi Press Agency (SPA) described.

In accordance to SAMA, the quantities of transactions lessened by twenty five per cent in November to access about SR1.27 billion ($338.five million) compared to SR1.71 billion in the corresponding month of the preceding 12 months. These quantities also lessened in September and October by about eighteen.7 per cent and 28.three per cent, respectively, compared to the very same interval final 12 months.

This decrease in the transactions’ quantities coincided with the start of a quantity of seasons and situations held in numerous locations and towns throughout the Kingdom.

Conversely, the quantities of gross sales points gross sales functions in the Kingdom grew noticeably in current months, rising by thirty per cent in November 2019 to access SR25.8 billion, compared to about SR19.nine billion in November 2018.

The dining places and cafes sector also saw development of fifty four per cent in November 2019. The leisure, culture, transportation, and resort sectors saw once-a-year development of thirty.five per cent, twenty five.2 per cent, and eighteen.one per cent respectively.
 

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