Arab Finance: Remittances from Egyptians working abroad rose by 86.8% year on year (YoY) to roughly $3 billion in July 2024, the Central Bank of Egypt announced on September 9th.

This marks the fifth consecutive month of growth in remittances, up by 15.9% as compared to last June.

During the first seven months of this year, remittances saw a 32.4% YoY surge, hitting around $15.5 billion.

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