A surge in remittances from Egyptians working abroad



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A surge in remittances from Egyptians working abroad

Reuters

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The Central Bank of Egypt said in a statement on Tuesday that remittances from Egyptians working abroad jumped in May 2021 to $ 2.6 billion, from $ 1.8 billion a year ago.

The central bank added in a press release that remittances rose 13% in the first 11 months of fiscal year 2020-2021 to reach $ 28.5 billion.

By comparison, remittances from Egyptians working abroad reached $ 25.2 billion a year ago.

Source: Reuters



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