AAIB Disbursed 102,000 Yellow Remittances Worth 394 Mln

Arab African International Bank (AAIB) disbursed 102,000 yellow remittances worth 394 million in the third month of disbursing remittances, money owed by Iraq to Egyptian workers who left the country in the 1990s during the gulf war.

AAIB allocated 26 branches for the disbursement from its 50 branches spread across all governorates in Egypt.

National Bank of Egypt, Arab African International Bank, Banque Misr and Alex Bank are disbursing US$ 408.38 million, the value of yellow remittances owed by Iraq 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.