Cairo –11 June 2025: Egyptian workers abroad sent record-breaking remittances between July and March of the fiscal year 2024/2025, according to a statement from by the Central Bank of Egypt (CBE).
The statement revealed that remittances soared by 82.7% year-on-year, reaching approximately $26.4 billion, compared to around $14.4 billion during the same period of the previous fiscal year.
The third quarter saw particularly strong growth. From January to March 2025, remittances jumped by 86.6% year-on-year, totaling around $9.4 billion, up from about $5 billion during the same quarter last year.
On a monthly basis, the upward trend remained sharp. In March 2025, remittances climbed by 63. 7% year-on-year to reach approximately $3.4 billion, compared to $2.1 billion in March 2024.
This remarkable surge underscores the increasing financial role of Egyptians working abroad and signals growing confidence in the country’s banking sector amid broader economic reforms.
Wed, Jun. 11, 2025
