Egyptian Expat Remittances Hit $29.4 Billion Up 77 Percent in FY2024/2025
Remittances from Egyptians living and working abroad have reached new historic heights, according to the Central Bank of Egypt (CBE). During the ten-month period from July to April of FY2024/2025, remittances surged by 77.1 percent, totaling approximately $29.4 billion, up from $16.6 billion recorded during the same period of the previous year.
The momentum continued into early 2025. From January to April, remittances climbed 72.3 percent year-on-year to reach $12.4 billion, compared to $7.2 billion in the same period of 2024.
Monthly data shows that in April 2025 alone, remittance inflows rose by 39.0 percent on an annual basis, hitting $3.0 billion, up from $2.2 billion in April 2024.
In a previous update released in June, the CBE also reported that remittances during the July–March period of FY2024/2025 had already reached around $26.4 billion, an 82.7 percent increase from the $14.4 billion recorded in the same timeframe the year before.
Additionally, remittance inflows for the January–March 2025 quarter surged by 86.6 percent year-on-year, amounting to approximately $9.4 billion, compared to just $5 billion during the first quarter of the previous fiscal year.
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