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Thursday, 19 September 2019

Remittances from Egyptians abroad rose to around $3 bln in May: Central Bank

Ahram Online , Tuesday 27 Aug 2019
Central Bank
File Photo: Central Bank of Egypt's headquarters is seen in downtown Cairo (Photo: Reuters)
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Egypt’s remittances from workers abroad rose 43 percent month-on-month in May to around $3 billion, the central bank said in a statement.

The remittances, one of the country’s main sources of hard currency, stood at $2.1 billion in April.

Egypt received $2.6 billion in remittances in May 2018, the statement added.

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