Remittances

Egyptian remittances jump 47% to $26.3 billion

The Central Bank of Egypt on Wednesday announced a significant increase in remittances from Egyptians abroad, reaching $26.3 billion from January to November 2024. The bank added in a statement that remittances from Egyptians working abroad continued to achieve successive leaps following the reform measures taken in March 2024. They increased during November 2024 by …

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Egypt Independent January 30, 2025

Egyptian expat remittances increase to US$ 2.7 billion in May 2024

For the third month in a row, remittances from Egyptians working abroad increased during May at a rate of 73.8 percent on an annual basis to reach about US$2.7 billion compared to about $1.6 billion during last year. It also increased by 26.6 percent compared to April, during which it reached about $2.2 billion, following …

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Egypt Independent July 9, 2024