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Remittances from Egyptian expats hit $18.7bn in seven months

Remittances from Egyptian expats hit $18.7bn in seven months
Central Bank of Egypt

Cairo – Mubasher: Remittances from Egyptian expatriates rose by 10.2% year-on-year (YoY) or $1.7 billion during the first seven months of 2021, according to data by the Central Bank of Egypt (CBE).

Remittances from Egyptians living abroad reached $18.7 billion in the January-July period, compared to $17 billion in the corresponding period a year earlier, data showed. 

The remittances slightly declined by 3% to $2.79 billion in July from $2.88 billion in the same month in 2020.