Remittances from Egyptians working abroad recorded a significant increase during the first eight months of fiscal year 2025/2026, rising by 28% year-on-year, reflecting continued strength in foreign currency
Remittances from Egyptians working abroad recorded a significant increase during the first eight months of fiscal year 2025/2026, rising by 28% year-on-year, reflecting continued strength in foreign currency inflows into the Egyptian economy.
According to a report issued by the Central Bank of Egypt (CBE), remittances climbed to $29.4 billion, an increase of $6.4 billion compared to $23 billion during the same period of the previous fiscal year.
The report also showed that remittances grew by 25.7% on a monthly basis, highlighting sustained positive momentum in foreign currency inflows.
In February alone, remittances reached $3.8 billion, compared to $3 billion in the same month last year—an increase of $800 million.
This growth underscores the critical role of remittances as one of Egypt’s most important sources of foreign currency, supporting balance of payments stability and enhancing dollar liquidity in the local market.
