Remittances of Egyptians working abroad record their highest historical level

Remittances of Egyptians working abroad record their highest historical level
Remittances of Egyptians working abroad record their highest historical level

The Central Bank of Egypt indicated that remittances from Egyptians working abroad increased during the 2020-2021 fiscal year, at a rate of 13.2% compared to the previous fiscal year.

According to preliminary data from the Central Bank of Egypt, remittances rose by $3.7 billion to reach their highest historical level, recording about $31.4 billion.

For comparison, in the previous fiscal year 2019-2020, foreign transfers amounted to $27.8 billion.

The data also showed an increase in those transfers during the period April-June of this year, at a rate of 29.6%, to record about $8.1 billion (compared to about $6.2 billion during the same period last year.

Source: the seventh day

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