Remittances from Egyptian expats grow 10.6% in 7 months, CBE

Remittances from Egyptian expatriates hiked 10.4 percent by $1.7 billion or 10.6% year-on-year (YoY) according to data by the Central Bank of Egypt (CBE).

The Remittances increased to $18.1 billion from July 2020 to last January, compared to $16.3 billion in the same period a year earlier

 

In January, remittances of Egyptians living abroad declined by $116.9 million to $2.54 billion, compared to $2.56 billion in the same month a year earlier, data showed on Sunday.