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Remittances from Egyptians abroad top $20bn in 8 months

Remittances from Egyptians abroad top $20bn in 8 months
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Cairo – Mubasher: Remittances from Egyptians living abroad hit $20.90 billion during the period from January to August 2022, versus $21.40 billion in the same period of 2021, Akhbar El-Yom cited a statement by the Central Bank of Egypt (CBE).

In August 2022 alone, remittance from Egyptian expats recorded $2.20 billion, compared to $2.40 billion in July 2022.

It is worth noting that during the fiscal year (FY) 2021/2022, remittances from Egyptians working abroad increased by 1.60% on an annual basis to $31.90 billion, compared to $31.40 billion.