CAIRO - 17 November 2022: Remittances from Egyptian expatriates recorded $20.9 billion during the first eight months of 2022, compared to $21.4 billion during the same months of 2021, the Central Bank of Egypt (CBE) announced Thursday. In August, the remittances from Egyptian expatriates decreased to $2.2 billion, compared to $2.4 billion during July 2021. The CBE announced earlier that the remittances from Egyptian expatriates increased 1.6 percent during the fiscal year 2021/2022, recording $ 31.9 billion, compared to $31.4 billion during the fiscal year 2020/2021. Furthermore, remittances recorded $2.8 billion during June 2022, compared to about $2.9 billion during June 2021. Previously, the CBE said that the remittances of Egyptians working abroad hit $29.1 billion during the past 11 months.

Source: Egypt Today November 17, 2022 21:05 UTC