Largest Remittances to Indonesian Migrant Workers Originate from 5 Countries
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Based on Bank Indonesia data, remittances or foreign exchange transfers from Indonesian migrant workers abroad during Q2 2020 reached US$ 2,262 million, equivalent to Rp 33.4 trillion (using an exchange rate of Rp 14,744). This figure is down 13% compared to Q1 2020.
In the second quarter of this year, Saudi Arabia recorded the largest remittance contribution, reaching US$ 713 million. This was followed by Malaysia, Taiwan, Hong Kong, and Singapore.
The Middle East region recorded the largest remittance contribution compared to Southeast Asia, Asia, Australia, Africa, America, and Europe, reaching US$ 809 million.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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