Close ad

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

Ahram Online , Tuesday 17 Dec 2019

dollar
A woman walks past a currency exchange bureau advertisement showing images of the U.S. dollar in Cairo, Egypt, December 17, 2019. REUTERS

Related
Egyptian expat remittances increase to $4.4 bln: CBE
Remittances from Egyptians abroad rose to around $3 bln in May: Central Bank
Remittances of Egyptian expats up 23.3% in March: CBE

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:

 

Also In Economy

# CBE keeps policy rates unchanged amid positive inflation trend, global uncertainty
# Egypt seeks greater access to Chinese markets amid trade gap: PM Madbouly
# Trump threatens Canada with 35 percent tariff rate starting 1 Aug
# Egypt cabinet denies Emirati tycoon's claim on PM interference in land pricing
# Athens business event explores Egypt opportunities
# Is Central Bank of Egypt poised for fresh rate cut on Thursday?
# Egypt, China ink 3 financial cooperation agreements
# Trump issues tariff ultimatum to Algeria, Iraq, Libya, and Tunisia
#