Banque Misr Disburses 68,000 Yellow Remittances

A senior official at Banque Misr said the Bank disbursed EGP 243, 102, 005 the value of 68,920 yellow remittances in the first month assigned for disbursement of yellow remittances, money owed by Iraq to Egyptian workers who left the country in the 1990s during the first gulf war.

Banque Misr has assigned 120 of its branches across Egypt to avoid overcrowding and facilitate the process of disbursement.

National Bank of Egypt, Arab African International Bank, Banque Misr and Alex Bank are disbursing the yellow remittances whose value is US$ 408.38 million owed to 670 thousand Egyptians.

Ministry of Workforce and Immigration announced that the required documents for disbursing yellow remittances are the original remittance or the passport in which it is documented the value of remittances.