Remittances of Egyptians working abroad record their highest historical level


Remittances of Egyptians working abroad record their highest historical level

Remittances of Egyptians working abroad record their highest historical level

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The Central Bank of Egypt indicated that remittances from Egyptians working abroad increased during the 2020-2021 fiscal year, at a rate of 13.2% compared to the previous fiscal year.

According to preliminary data from the Central Bank of Egypt, remittances rose by $3.7 billion to reach their highest historical level, recording about $31.4 billion.

For comparison, in the previous fiscal year 2019-2020, foreign transfers amounted to $27.8 billion.

The data also showed an increase in those transfers during the period April-June of this year, at a rate of 29.6%, to record about $8.1 billion (compared to about $6.2 billion during the same period last year.

Source: the seventh day

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