Remittances from Egyptians overseas surge 77.1% in 10 months: CBE
Updated 6/23/2025 10:56:00 AM
Arab Finance: Remittances from Egyptians working abroad jumped by 77.1% year on year (YoY) during the first 10 months of fiscal year (FY) 2024/2025, according to a statement from the Central Bank of Egypt (CBE).
During the period from July 2024 to April 2025, remittances reached approximately $29.4 billion, up from $16.6 billion in the same 10-month period of the previous FY.
The CBE described this rise as an “unprecedented historic leap”.
Between January and April 2025, remittance inflows increased by 72.3% YoY to about $12.4 billion, compared to $7.2 billion in the corresponding period a year earlier.
In April 2025, remittances grew by 39.0% YoY, recording roughly $3.0 billion, versus $2.2 billion in April 2024.
Earlier this month, the CBE announced that remittances from Egyptians working abroad rose by 82.7% YoY during the period from July 2024 to March 2025.
The growth trend was also reflected in the third quarter (Q3) of the current FY, with remittances climbing 86.6% YoY to approximately $9.4 billion between January and March 2025, compared to $5.0 billion in the corresponding quarter of the previous FY.
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