Remittances Jump 9% YoY In 9M21

Giving More to Your Wealth
22 Dec 2021

The CBE (Central Bank of Egypt) reported that remittances from Egyptians working abroad have shot up by 9% YoY in 9M21 to reach USD24bn. During 1Q21/22, remittances rose by 1.5% YoY to record USD8.1bn. During September 2021, remittances declined by 3% YoY. Earlier, CAPMAS (The Central Agency for Public Mobilization & Statistics) said that according to a recent World Bank report, Egypt ranked 6th on the list of countries that received the most remittances during 2020. Remittances represented 6.7% of GDP in 2020.

(Source: Reuters (English), Amwal al-Ghad (English) (Arabic), Zawya (English), al-Ahram (English) (Arabic), Daily News Egypt (English), Egypt Independent (English), Egypt Today (English), See News (English), Egyptian Gazette (English), al-Maal, Mubasher, al-Borsa News, Hapi Journal, Economy Plus Me, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Watan, Akhbar al-Youm, Masrawy, CNBC Arabia, al-Sharq Business, Middle East News Agency, al-Arabiya, Euronews Arabic, Sputnik Arabic)

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