Remittances from overseas Egyptians reach $28.5b from July 2020 to May 2021: central bank

Short Url
Updated 17 August 2021
Follow

Remittances from overseas Egyptians reach $28.5b from July 2020 to May 2021: central bank

  • Remittances increased in May 2021 by 45.2 percent year-on-year

Remittances from Egyptians working abroad rose by 13 percent year-on-year to $28.5 billion in the period from July 2020 to May 2021, the first 11 months of Egypt’s financial year, the central bank said on Tuesday.

Remittances increased in May 2021 by 45.2 percent year-on-year to about $2.6 billion compared to about $1.8 billion in May 2020.