CBE: Egypt’s tourism revenues fell by 67.4% in 2020-2021 ...Egypt

The Central Bank of Egypt (CBE) announced that Egypt’s revenues from tourism in the first nine months of the 2020-2021 fiscal year by fell 67.4 percent to about US$3.1 billion. In a statement on Tuesday evening, CBE said that “net foreign direct investment flows to Egypt in the first nine months of the 2020-2021 fiscal year decreased by 19.3 percent to $4.8 billion.” “Egypt’s current account deficit in the first nine months of the 2020-2021 fiscal year amounted to $13.3 billion, compared to $ 7.3 billion a year ago.” It added that “remittances from Egyptians working abroad in the first nine months of the 2020-2021 fiscal year rose by 8.5 percent to $ 23.4 billion.” Egyptian Minister of Touri

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Last updated : 30 June 2021 clock 01:45 PM

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CBE: Egypt’s tourism revenues fell by 67.4% in 2020-2021 ...Egypt

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