Egyptian expat remittances jump to $26.4 billion in 9 months – Middle East Monitor

The Central Bank of Egypt announced on Tuesday that remittances from Egyptians working abroad surged by 82.7 per cent during the first nine months of the 2024–2025 fiscal year.

According to the bank, total remittances reached around $26.4 billion, up from $14.5 billion during the same period last year. The increase highlights the growing importance of remittances as one of Egypt’s main sources of foreign currency.

The bank’s balance of payments report also…

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News Source: www.middleeastmonitor.com

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