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Egyptian expat remittances up 47.2% in 8 months

Businessmen Team news 23 October 2025 03:25 PM
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Egyptian expat remittances up 47.2% in 8 months

Remittances from Egyptians working abroad saw a sharp rise in the first eight months of the year, hitting a record $26.6 billion between January and August 2025, the central bank announced Thursday.

The figure represents a 47.2 percent increase from the $18.1 billion recorded in the same period a year earlier.

On a monthly basis, remittances grew by 32.6 percent in August 2025 to register about $3.5 billion, up from the approximately $2.6 billion transferred in August 2024.