FILE - CBE FILE - CBE

Remittances from Egyptian expats record $21.4 in 1st 10 months of 2018

Sat, Dec. 22, 2018
CAIRO – 22 December 2018: Remittances from Egyptian expatriates rose 8 percent during the first 10 months of 2018, reaching $21.4 billion, compared to $19.8 billion in the same months of 2017, the Central Bank of Egypt (CBE) said.

According to CBE's data, remittances of expatriates hit $2.1 billion during October, compared to $1.8 billion in September, with an increase of $298.9 million, or 17 percent.

CBE announced earlier that remittances from Egyptian expatriates rose 1.5 percent during the first quarter of fiscal year 2018/2019, reaching $5.9 billion, compared to $5.8 billion in the same quarter of 2017/2018.

Remittances from Egyptian expats reach $5.9B in Q1 2018/19

CAIRO - 19 November 2018: Remittances from Egyptian expatriates rose 1.5 percent during the first quarter of fiscal year 2018/2019, reaching $5.9 billion, compared to $5.8 billion in the same quarter of 2017/2018, the Central Bank of Egypt (CBE) said.




Remittances from Egyptian expatriates increased by about $4.6 billion (21.1 percent) during fiscal year 2017/2018.

In the period from June to April 2017/2018, remittances jumped 16.1 percent to stand at $7.0 billion, compared to $6.0 billion in the same period of the previous year.

Remittances from Egyptian expatriates increased to $26.4 billion since floating the Egyptian pound in November 2016 and until November 2017, compared to $22.3 billion in the same period a year earlier, previous data showed.

Remittances are one of Egypt’s main foreign currency sources, which have been on the rise since Egypt floated its local currency in November 2016.
 
There are no comments on this article.

Leave a comment