Central Bank of Egypt. Al-Ahram
This marks a significant rebound compared to the $19.4 billion recorded in the same period of fiscal year 2023/2024.
According to the CBE data, remittance inflows also saw strong performance from January to May 2025, rising 59 percent year-on-year to about $15.8 billion, up from $9.9 billion in the same period in 2024.
May 2025 witnessed a record-breaking $3.4 billion in remittances on a monthly basis, the highest level ever recorded for May, representing a 24.2 percent increase compared to $2.7 billion in May 2024.
The sharp rise in remittance inflows comes amid broader efforts by the Egyptian authorities to stabilize foreign exchange markets, attract hard currency, and enhance financial flows from abroad.
Remittances remain one of Egypt’s most vital sources of foreign currency, alongside the revenues from the Suez Canal, tourism, and foreign direct investment.
The surge in remittance inflows that Egypt has recently witnessed is one of the country's achievements under the ongoing Extended Fund Facility's (EFF) $8 billion loan programme.
Short link: