
File Photo: an employee counts banknotes at currency exchange shop in the Egyptian capital Cairo. AFP
On a monthly basis, inflows rose 30.9 percent in September 2025, reaching $3.6 billion compared with $2.7 billion in September 2024.
The sharp rise underscores the resilience of remittances as one of Egypt’s most important sources of foreign currency, providing critical support to the balance of payments and easing pressures on the country’s external accounts. Alongside tourism revenues and Suez Canal receipts, remittances help stabilise the Egyptian pound, bolster foreign reserves, and sustain household consumption for millions of families.
Their continued strength, often counter-cyclical during global shocks, highlights their strategic role in Egypt’s broader macroeconomic outlook, particularly as the government pursues fiscal consolidation and debt-reduction targets.
Remittances reached $10.02 billion in the second quarter of 2025, up from $9.37 billion in the first quarter. Over the long term, inflows have averaged $4.3 billion between 2001 and 2025, confirming their durability as a key foreign-currency earner.
The fourth wave of the local-currency devaluation in March 2024, combined with a six-percentage-point interest-rate hike, also contributed significantly to the rebound in remittances by helping unify hard-currency rates in the domestic market.
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