AAIB Disbursed 104,000 Yellow Remittances Worth 400 Mln

Arab African International Bank (AAIB) disbursed 104,000 yellow remittances worth 400 million out of EGP 470 million, said Amr Abdelal, head of branches at AAIB.

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 Egyptian workers who left the country in the 1990s during the gulf war.

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.