Historic High in Remittances from Egyptians Abroad Reaching $47.3 Billion
Remittances from Egyptians working abroad reached a new record during the 2025-2026 fiscal year, totaling $47.3 billion. This figure is the highest in the history of the Egyptian economy, reflecting a significant increase in foreign currency inflows into the country.
This increase is the result of several economic factors, including growing confidence in the Egyptian banking system and the diversification of official channels for transferring funds. These inflows have contributed to strengthening the foreign exchange reserves of the Central Bank of Egypt, which supports the stability of the local currency.
Remittances from Egyptians abroad are considered a primary source of national income, playing a vital role in supporting the balance of payments and providing the liquidity necessary to import essential goods. These funds also contribute to supporting many Egyptian families and improving their standard of living.
Financial institutions expect this positive trend to continue in the coming period, especially with ongoing government efforts to facilitate transfer procedures and provide incentives for expatriates. These figures underscore the significant role played by Egyptians abroad in supporting and developing the national economy in light of global economic challenges.