CBE: Remittances of Egyptians Abroad Record $31.4 Bln in FY2020/21

CBE: Remittances of Egyptians Abroad Record $31.4 Bln in FY2020/21

The Central Bank of Egypt (CBE) on Wednesday said that remittances of Egyptian expatriates increased by 13.2 % in the 2020-21 fiscal year to reach about $31.4 billion, compared to $27.8 billion recorded in the 2019-20 fiscal year.

In a statement, the CBE said remittances of Egyptian expats from April to June 2021 increased by 29.6% from 6.2 billion dollars to 8.1 billion dollars, while June remittances upped by 15.5% to hit 2.9 billion dollars, against 2.6 billion dollars in the corresponding period of 2020.