CAIRO – 8 July 2021: Remittances from Egyptian expatriates increased 34 percent during April, recording $2.5 billion, compared to $1.8 billion during the same month of 2020, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS). The data also showed an increase in remittances from Egyptians working abroad during the period from July 2020 until the end of April, to record about $25.8 billion, compared to about $23.4 billion during the same period of the previous fiscal year 2019-2020. CAPMAS announced earlier that remittances from Egyptian expatriates recorded a total of $205.3 billion, representing 31.7 percent of Egypt's total foreign exchange earnings over 10 years. During the fiscal year 2013/2014, remittances decreased 0.8 percent, recording $18.5 billion, while rebounded to $19.3 billion during the fiscal year 2014/2015 to record $19.3 billion, marking a rise of 4.4 percent compared to the fiscal year 2013/2014. Moreover, remittances from Egyptian expatriates hiked 10.4 percent during the fiscal year of 2019/2020 to reach $27.8 billion, recording its highest record ever, compared to $25.2 billion during the fiscal year of 2018/2019.
