Remittances from Egyptians abroad up 1.6% y-o-y in FY2021/22

By Fatma Nashaat On Aug 23, 2022

Remittances from Egyptians working abroad rose 1.6 percent year-on-year to around $31.9 billion during the financial year 2021/2022 ended last June, the central bank said on Tuesday.

Remittances during the financial year 2020/2021 stood at $31.4 billion.

During April to June period of this year, the remittances climbed 3.0 percent year-on-year to about $8.3 billion from $8.1 billion in the same period a year earlier.

In June 2022, the remittances recorded around $2.8 billion, from $2.9 billion in the same month in 2021, the central bank added.

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