Last Update 13:44
Monday, 18 November 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)
Views: 2534
Views: 2534

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.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.