The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for the fifth consecutive month, reaching three billion dollars compared to about $1.6 billion during July 2023 – an unprecedented increase for the month of July. The CBE said in a statement on Monday, that remittances increased by 15.9 percent compared to the previous month, June, during which it reached about $2.6 billion. Remittances of Egyptians working abroad during the first seven months of the current year, January to July 2024, thus recorded an increase by 32.4 percent – reaching up to $15.5 billion compared to about $11.7 billion during the same period last year
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