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Egypt records record $36.5 bln in remittances from abroad

Businessmen Team economy 26 August 2025 03:17 PM
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Egypt records record $36.5 bln in remittances from abroad

Remittances from Egyptians working abroad surged to a record $36.5 billion in the fiscal year 2024-2025, marking a 66.2% increase from the previous year.

The significant rise was particularly notable in the final quarter of the fiscal year (April to June 2025), when remittances jumped 34.2% year-on-year to approximately $10 billion, up from $7.5 billion in the same period in 2024.

The momentum continued into June, which saw the highest monthly total on record, with remittances reaching $3.6 billion—a 40.7% increase compared to June 2024.