Egyptian expatriate remittances expected to reach US$30 billion ...Egypt

Egypt’s economic and social development plan for the fiscal year 2021/22, which was approved by the House of Representatives, predicted that remittances from Egyptian expatriates will rise to about US$30 billion, compared to US$25.2 billion in 2018/19, marking an increase of US$4.8 billion within four years. Here are the approximations of expat remittances from FY 2018/19 to FY 2021/22 2018/19: US$25.2 billion 2019/20: US$27.8 billion 2020/21: US$28 billion 2021/22 (expected): US$30 billion. Egyptian expat remittances are considered a key source of hard currency, alongside the Suez Canal and the country’s tourism sector. The post Egyptian expatriate remittances expected to reach US$30 bill

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Last updated : 02 August 2021 clock 05:01 PM

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Egyptian expatriate remittances expected to reach US$30 billion ...Egypt

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