Egypt aims to collect $83 billion in foreign currencies during the coming fiscal year (FY) 2023/24 through four streams, according to the Ministry of Planning and Economic Development. 

The targeted four sources of foreign currency include remittances, non-oil merchandise exports, foreign direct investments (FDIs), and revenue generated by the Suez Canal. 

Around $31 billion of the target is projected to come from remittances sent by Egyptian expatriates. 

The government aims to secure $11 billion in FDIs, $9 billion in Suez Canal’s revenues, $32 billion in non-oil merchandise exports and $31 billion from remittances sent by Egyptian expatriates.