Remittances from Egyptians working abroad surged to $20.0 billion during the first seven months of the 2024/2025 fiscal year, according to data released by the Central Bank of Egypt (CBE) on Tuesday 15/4/2024.
This marks an 81 per cent increase compared to the same period last year.
The sharp rise follows a series of economic reforms implemented in March 2024, which appear to have boosted confidence among expatriates and encouraged higher inflows, the CBE noted.
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