RIYADH: Remittances from Egyptians working abroad rose by 33.2 percent year on year during the first 10 months of fiscal year 2025/2026, reaching a record $39.2 billion, new figures showed.
Data released by the country’s central bank showed that on a monthly basis, remittance inflows climbed 44 percent annually to reach $4.3 billion in April.
The rebound in remittance flows comes as Egypt continues implementing reforms under its International Monetary Fund-backed program.
Higher inflows have strengthened one of the country’s largest sources of foreign currency, supporting its external position and foreign exchange liquidity, while reforms focused on exchange-rate flexibility, fiscal consolidation, and macroeconomic stability continue to bolster investor confidence and economic growth.
The latest figures extend the strong upward trend in remittance inflows throughout the fiscal year. Transfers reached $34.9 billion during the first nine months of 2025/2026, up from $29.4 billion in the first eight months and $25.6 billion in the first seven months, highlighting continued momentum in one of Egypt’s key sources of foreign currency.
