Remittances from Egypt expats up 24.1% first 8 months of FY2017/18

Egypt’s Finance Ministry announced that remittances from Egyptian expatriates sent in the first eight months of the financial year 2017/2018 had increased by $3.4 billion, or 24.1 percent, year-on-year.

According to a report issued by the ministry on Sunday, personal remittances amounted to $17.3 billion from July 2017 to February 2018, compared with $13.9 billion in the same period in the 2016/2017 financial year.

The Egyptian financial year runs from 1 July to 30 June.

Source: Ahram Online

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