15 Mar 2022

The CBE (Central Bank of Egypt) reported that remittances from Egyptians abroad increased by 6.4% in 2021. This increase of USD1.9bn brings the total value of remittances in 2021 to USD31.5bn.

Earlier, CAPMAS (The Center for Public Mobilization & Statistics) had mentioned that Egypt is the 6^th top recipient of remittances globally in 2020 based on a study by the World Bank. According to the Bank, these remittances represent 6.7% of Egypt’s total GDP. The government’s IDSC (Information & Decision Support Center) had also reported that remittances grew by 72% during the period 2015-2021.

(Source: State Information Service (English), al-Ahram (English) (Arabic), Daily News Egypt (English), Egypt Today (English), Egypt Independent (English), Arab News (English), Xinhua (English), al-Maal, Mubasher, al-Youm al-Saabe, al-Masry al-Youm, al-Watan, Akhbar al-Youm, Masrawy, al-Sharq Business, al-Arabiya, Sky News Arabia)