World Courant
Remittances from Egyptians working overseas have made successive jumps because the implementation of the reform measures in March 2024.
In September 2024 alone, remittances doubled to about $2.7 billion, in comparison with about $1.3 billion in September 2023.
Remittances through the first quarter of the 2024/2025 fiscal 12 months (July/September 2024) rose 84.4 % to about $8.3 billion, up from about $4.5 billion.
Consequently, the primary 9 months of the present 12 months 2024 (January/September 2024) witnessed a rise of 42.6 % to roughly $20.8 billion, in comparison with roughly $14.6 billion.
The Central Financial institution of Egypt introduced that remittances from Egyptians working overseas elevated for the sixth consecutive month to $2.6 billion in August 2024, marking a development of 65.5 % in comparison with about $1.6 billion in August 2023.
The Central Financial institution added that remittances from Egyptians working overseas rose 76.2 % to $5.6 billion in July/August 2024, in comparison with about $3.2 billion in the identical interval a 12 months in the past.
Remittances from Egyptians working overseas within the first eight months of the present 12 months (January/August 2024) elevated by 36.4 % to about $18.1 billion, in comparison with about $13.3 billion in the identical interval in 2023 .
A soar not seen in a 12 months: how a lot did Egyptian expat remittances attain between January and September 2024?
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