Remittances from Egyptians abroad reach record of 31.4 billion dollars

Preliminary data showed an increase in remittances from Egyptians working overseas during fiscal year 2020/2021, at a rate of 13.2%, around $ 3.7 billion, to reach an all-time high. , recording approximately $ 31.4 billion, compared to approximately $ 27.8 billion in the previous fiscal year 2019/2020.

The data released by the Central Bank of Egypt, today, Wednesday, indicate that remittances in the period April-June 2021 increased by 29.6% to record about 8.1 billion dollars, compared to about 6.2 billion dollars. of the period April-June 2020.

Remittances increased in June 2021 at an annual rate of 15.5% to record about $ 2.9 billion, compared to about $ 2.6 billion in June 2020.

Remittances from Egyptians abroad are an important source of foreign currency in Egypt.

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