The Central Bank of Egypt (CBE) has announced that remittances sent by Egyptians abroad recorded a $2.5bn increase during the 10-month period covering July to April of fiscal year (FY) 2020/21.
The figure represented an increase of 10.5%, ensuring that Egypt received about $25.8bn in remittances.
This compared to the $23.4bn in remittances sent by expatriate workers during the same period in FY 2019/20.
The data also showed an increase in those transfers during the month of April 2021, at an annual rate of 34.0%, to record about $2.5bn compared to about $1.8bn in April 2020.
