Egyptian expats remittances up by US$ 3.3 billion ...Egypt

The Central Bank of Egypt (CBE) has showed that remittances from Egyptians working abroad during the first 11 months of the fiscal year 2020-2021 rose by US$3.3 billion, compared to the same period of 2019-2020, an increase of 13 percent. Remittances from Egyptians working abroad during the July-May period of the fiscal year 2020-2021 recorded an increase of 13 percent by about $3.3 billion to record about US$ 28.5 billion (compared to about $25.2 billion during the same period of the previous fiscal year 2019-2020). The data also showed an increase in these transfers during May 2021 at an annual rate of 45.2 percent, to record about $2.6 billion compared to about $1.8 billion in May 2020. R

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