Central Bank: Remittances from Egyptians Abroad Reach All-Time High

Remittances from Egyptians abroad surged by 69.6%

reaching USD 32.8 billion during the period from July to May of the fiscal

year 2024/2025, compared to USD 19.4 billion during the same period of the previous

year, according to data from the Central Bank of Egypt

Strong Year-on-Year Growth in Remittances

Between January and May 2025, remittances increased by 59% year-on-year

 totaling approximately USD 15.8 billion, up from USD 9.9 billion in the corresponding

period in 2024

Record-High Inflows in May 2025

On a monthly basis, May 2025 witnessed historic remittance inflows

with total transfers reaching USD 3.4 billion. This marks a 24.2% increase year

-on-year compared to USD 2.7 billion in May 2024

 the highest remittance level ever recorded for the month of May

Central Bank: Key Implications for Egypt’s Economy

Central Bank The sharp rise in foreign currency inflows through remittances significantly

strengthens Egypt’s external position, contributes to foreign exchange reserves

and supports macroeconomic stability. These funds also play a crucial role in

household income and domestic consumption, especially under current global

economic pressures