The Media Center attributed the record leap in transfers to the Central Bank of Egypt's (CBE) monetary policy, which contributed to the stability of the exchange rate and fostered confidence in the economy. This positive trend was reflected in the net international reserves (NIR) and the state's capacity to meet external challenges.
The $36.5 billion recorded for 2024/2025 is more than double
the $17.1 billion transferred in the 2015/2016 fiscal year. The report also
highlighted a record monthly transfer of $3.8 billion in July 2025.
Previous annual transfers were recorded as: $21.9 billion in
2023/2024, $22.1 billion in 2022/2023, $31.9 billion in 2021/2022, and $31.4
billion in 2020/2021.
The International Monetary Fund (IMF) confirmed this upward
trend, stating the surge in remittances demonstrates confidence in the economic
reforms implemented since March 2024.
The report detailed that the record transfers were mirrored
by an unprecedented surge in Egypt’s net international reserves, which nearly
doubled in 10 years. The NIR reached $48.7 billion in June 2025, and continued
to rise to $49.3 billion in August of the same year, up from $17.5 billion in
June 2016.
For context, the NIR was $46.4 billion in June 2024, $34.8
billion in June 2023, and $33.4 billion in June 2022.
In related commentary, the Institute of International Finance (IIF) noted that record tourism revenues, the strong rebound in remittances, and marked export growth collectively contributed to strengthening foreign currency reserves. This support enhanced the economy's ability to secure adequate foreign currency resources and withstand external shocks.