The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad has seen a unprecedented and historic leap one year after the reform measures implemented last year, during March 2024 to February 2025.
The CBE said in a statement on Monday that “remittances from Egyptians working abroad increased by 72.4 percent, or US$13.7 billion, to approximately US$32.6 billion.”
The statement continued that remittances from Egyptians abroad more than doubled in February 2025 for the 12th consecutive month, reaching approximately three billion dollars, compared to approximately $1.3 billion in February 2024.
These inflows have never occurred in February historically, it added.
Edited translation from Al-Masry Al-Youm
