Home Business Central Bank: the increase of remittances of Egyptians abroad to 25.5 billion...

Central Bank: the increase of remittances of Egyptians abroad to 25.5 billion dollars in 2018

The Central Bank of Egypt (CBE) said Tuesday that the total remittances of Egyptians working abroad rose during the year 2018 to reach 25.5 billion dollars, compared to 24.7 billion dollars during the year 2017, an increase of 778.2 million dollars, or 3.1 percent.

It should be noted that the total remittances of Egyptians working abroad during the month of December 2018 increased by 270.2 million dollars to record about 2.2 billion dollars, compared to about 1.9 billion dollars in the month of November 2018.

The tolls of the Suez Canal, as well as the remittances of Egyptians working abroad, exports, investment and tourism, are sources of foreign exchange for the Egyptian economy and the main supporter of foreign exchange reserves with the Central Bank of Egypt.


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