Remittances from Egyptians abroad at $20.9 billion in Jan-August period

Remittances from Egyptians working abroad recorded around $20.9 billion throughout the January to August 2022, from $21.4 billion in the same period last year, the central bank said on Thursday.

In August 2022, remittances stood around $2.2 billion from $2.4 billion in July.

Egypt’s net foreign reserves rose to around $33.411 billion at the end of October from $33.197 billion at the end of September, recording an increase of $214 million, the central bank announced on Thursday.

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