AAIB Disbursed 99,000 Yellow Remittances Worth EGP 383 Mln

Arab African International Bank (AAIB) disbursed 99,000 yellow remittances worth EGP 383 million by the end of the second month of disbursing remittances; money owed By Iraq to Egyptians who left the country in the 1990s during the Arab Gulf war, said Amr Abdelal, head of branches at AAIB.

AAIB allocated 26 branches for the disbursement of its 50 branches spread across all governorates in Egypt, Abdelal added.

National Bank of Egypt, Arab African International Bank, Banque Misr and Alexbank 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.