NBE Disburses 104,000 Yellow Remittances Worth EGP 382 Mln

The National Bank of Egypt (NBE) has disbursed 104,000 yellow remittances worth EGP 382 million in the second month of disbursing remittances, owed By Iraq to Egyptians who left the country in the 1990s during the Arab Gulf war, said Hazem Hegazy, head of branches and retail banking at NBE.

NBE allocated 258 branches across all governorates in Egypt for the disbursement.

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.