CAIRO – 17 August 2021: Remittances from Egyptian expatriates increased 13 percent or $3.3 billion during 11 months from July to May of 2020/2021, recording $28.5 billion, compared to $25.2 billion during the same period of /20192020, according to data from the Central Bank of Egypt (CBE). The data showed that remittances from Egyptian expatriates during May 2021 increased 45.2 percent to reach $2.6 billion, compared to $1.8 billion during May 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.
