Egypt’s remittances hit record $32.6b after year of reforms: CBE

Remittances from Egyptians working abroad surged to a record $32.6 billion in the 12 months through February 2025, marking a 72.4 per cent increase year-on-year following economic reform measures introduced in March 2024, the central bank said Wednesday.

The $13.7 billion rise in inflows reflects growing confidence in Egypt’s macroeconomic outlook and foreign exchange regime, analysts say.

In February alone, remittances more than doubled to $3.0 billion, up from $1.3 billion a year earlier, marking the twelfth consecutive month of growth and the highest February figure on record.

Attribution: Amwal Al Ghad English