NBE Disbursed EGP 423 Mln Yellow Remittances
The National Bank of Egypt (NBE) disbursed EGP 423 million worth of 118,000 yellow remittances, said Mohamed Ihab, head of transaction banking group at NBE.
The 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, who left the country in the 1990s during the Arab Gulf war.
The 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.
