Record High in Remittances from Egyptians Abroad Reaches $47.3 Billion
The Central Bank of Egypt has announced a new record in the value of remittances from Egyptians working abroad during the 2025-2026 fiscal year, with the total reaching $47.3 billion. This figure serves as a positive indicator, reflecting the strong bond between expatriates and their homeland, as well as their support for the national economy in light of global economic challenges.
This increase is the result of several factors, most notably the measures taken by the Central Bank to boost confidence in the banking system and facilitate transfer processes through official channels. These steps have contributed to attracting more foreign currency savings, thereby strengthening the state's foreign exchange reserves.
These remittances play a vital role in supporting Egypt's balance of payments, as they provide the necessary liquidity to import essential goods and raw materials for industry. Furthermore, these funds contribute to improving the standard of living for thousands of Egyptian families who rely on the income of their relatives abroad, which directly impacts purchasing power in the local market.
In the conclusion of the report, economic experts emphasized that the continued flow of these remittances enhances exchange rate stability and supports sustainable development plans in Egypt. It is expected that these rates will continue to grow in the coming period as the state continues its efforts to digitize financial services and provide investment incentives for Egyptians abroad.