Egyptian expatriate remittances rise to $25.6 billion in first seven months of fiscal year 2025/2026
via Egypt Today19 hours ago1 min read
Remittances from Egyptians working abroad reached approximately $22 billion between July and December 2025, according to the Central Bank of Egypt. The bank reported that Egypt’s external transactions in the first half of fiscal year 2025/2026 showed an improved current account balance, with the deficit narrowing to about $9.5 billion. Capital and financial accounts recorded net inflows of around $6.5 billion. The tourism sector also saw strong performance, with revenues increasing by 17.3 percent to nearly $10.2 billion compared to about $8.7 billion in the same period of the previous fiscal year. Overall, remittances from Egyptians abroad increased by 28.4 percent year-on-year, reaching roughly $25.6 billion from July 2025 to January 2026, up from approximately $20 billion in the corresponding period a year earlier. In January 2026 alone, remittance inflows climbed by 21 percent to about $3.5 billion, compared with approximately $2.9 billion in January 2025.
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Original source
This summary was AI-generated from a story originally published by Egypt Today.
