News

Remittances Rise 10% YoY In 7M21

Giving More to Your Wealth
18 Oct 2021

The CBE (Central Bank of Egypt) reported that remittances from Egyptians abroad recorded USD18.7bn, a 10% YoY increase. For FY20/21, remittances grew by 13% YoY to reach a record USD31.4bn. This indicates that Egyptians working abroad are generally very confident about the performance of the nation’s economy.

(Source: Zawya (English), Egypt Today (English), See News (English), al-Maal, Hapi Journal, Economy Plus Me, al-Borsa News, Akhbar al-Youm, al-Youm al-Saabe, al-Shurouk, al-Dustour, Sada el-Balad, CNBC Arabia, al-Sharq Business, al-Arabiya)

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