Remittance

A leap not seen in a year: How much did Egyptian expat remittances reach from January-September 2024?

Remittances from Egyptians working abroad have seen successive leaps since the implementation of the reform measures in March 2024. In September 2024 alone, remittances doubled to reach approximately US$2.7 billion, compared to around $1.3 billion in September 2023. Remittances during the first quarter of the fiscal year 2024/2025 (July/September 2024) increased by 84.4 percent to …

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Egypt Independent November 26, 2024

CBE announces 87% increase in remittances of Egyptians working abroad

The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for the fifth consecutive month, reaching three billion dollars compared to about $1.6 billion during July 2023 – an unprecedented increase for the month of July. The CBE said in a statement on Monday, that remittances …

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Egypt Independent September 10, 2024