In the quarterly review report for the first quarter of this year, the Central Bank stated that the spread of the Corona virus did not affect workers ’remittances in the UAE towards their countries of origin, as it increased during the first quarter of this year, by a value of 3 billion dirhams, equivalent to a quarterly growth of 7.8%, to reach To 41.4 billion dirhams, compared to the same period in 2019, which amounted to 38.4 billion dirhams, explaining that exchange companies implemented a share equivalent to 31.8 billion dirhams from these transfers, while 9.6 billion dirhams were transferred through banks.
The Central report stated that the three largest countries receiving personal transfers directed abroad during the period from January to March 2020 are: India (37.8%), followed by Pakistan (11.4%) and the Philippines (7%).