Monthly inflows also increased sharply, climbing 26.2 percent in October to $3.7 billion, compared with $2.9 billion in October 2024, according to the bank.
Remittances remain one of Egypt’s largest and most stable sources of foreign currency, alongside tourism revenues and Suez Canal income, helping support foreign reserves and ease pressure on the balance of payments.
Inflows reached $10.02 billion in the second quarter of 2025, up from $9.37 billion in the first quarter, indicating continued momentum despite global economic volatility.
The rebound follows a series of corrective measures introduced by the CBE in March, including a sharp devaluation of the local currency and a six-percentage-point interest rate hike, which narrowed gaps in the domestic hard-currency market and improved the formal inflow of remittances.
Remittances have historically played a counter-cyclical role in Egypt’s economy, supporting household consumption and providing a buffer during periods of external stress.
Short link: