Egypt’s expats remittances rise 11.6% in February: c.bank

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Remittances from Egyptian expatriates increased by 11.6 percent, recording $2 billion during February 2018, according to a recent statement by Central Bank of Egypt on Monday.

Earlier, remittances stood at $1.8 billion in February 2017, CBE further added.

The CBE had previously announced that total remittances from expatriates rose by 24.1 percent, or $3.4 billion in the July-February period of financial year 2017/2018 to $17.3 billion from $13.9 billion in the year-ago period.

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