Remittances from Egyptian expats up 73.8% YoY in May

Updated 7/8/2024 12:24:00 PM
Remittances from Egyptian expats up 73.8% YoY in May

Arab Finance: Remittances from Egyptians working abroad jumped 73.8% year-on-year to approximately $2.7 billion in May 2024, Asharq Business reported.

This marks the third consecutive month of growth in remittances following the EGP floatation in March.

On a monthly basis, remittances saw a substantial increase of 26.6% compared to April, when they amounted to around $2.2 billion. 

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