The Central Bank of Egypt (CBE) announced that remittances from Egyptian expatriates rose in March to about US$3.3 billion, an increase of 12.8 percent on an annual basis, compared to about $2.9 billion in March 2021. The Central Bank added, in a statement on Monday, that remittances for March rose by 44.4 percent compared to February, during which it recorded about $2.3 billion. The cumulative period from July 2021 to March 2022 recorded an increase of 1.1% (on an annual basis) to reach about $23.6 billion. The net foreign reserves of the Central Bank of Egypt amounted to about $37.123 billion at the end of April 2022, compared to $37.082 billion at the end of March 2022, an increase of $4
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