Last Update 22:52
Thursday, 22 October 2020

Remittances to Egypt reach $6.7 bln in first quarter of FY 2019/2020

Ahram Online , Tuesday 17 Dec 2019
A woman walks past a currency exchange bureau advertisement showing images of the U.S. dollar in Cairo, Egypt, December 17, 2019. REUTERS
Views: 1748
Views: 1748

Remittances from Egyptian expatriates increased in the first quarter of the 2019/2020 fiscal year to reach $6.7 billion, the Central Bank of Egypt said on Tuesday.

Remittances increased by 13.6 percent year on year in the quarter, up from $5.9 billion in the first quarter of the 2018/2019 fiscal year. 

Remittances are one of the country’s main sources of foreign currency.


Short link:



© 2010 Ahram Online.