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CBE: Egyptian Expat Remittances Increase to $4.4 Bln
Source: 11/4/2019

The Central Bank of Egypt (CBE) announced that remittances from Egyptians expatriates have increased by 5.5 percent ($227.1 million) in July and August 2019, recording $4.4 billion, up from $4.2 billion in the same period i

The CBE previously announced that remittances from Egyptians expatriates had increased by 15 percent in May 2019 compared to the same period in 2018, recording $3 billion up from $2.6 billion in May 2018.

Egypt’s remittances notably jumped after about a year since the flotation of the Egyptian pound, which was implemented in November 2016, rising by 18.4 percent, recording $26.4 billion.

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