Cairo: Remittances from Egyptians working abroad soared by 40.7 percent year-on-year in June, reaching an unprecedented monthly high of $3.6 billion, the Central Bank of Egypt (CBE) revealed on Tuesday, August 26, 2025. This remarkable increase contributed to a record $36.5 billion in remittances for the 2024/25 fiscal year, marking a 66.2 percent rise from the previous year's $21.9 billion.According to State Information Service Egypt, the April-June 2025 quarter saw remittances climb by 34.2 percent year-on-year, totaling $10 billion, compared to $7.5 billion during the same quarter in 2024. The CBE highlighted the robust growth in remittance inflows, reflecting the continued financial contributions of the Egyptian diaspora.
Egypt’s Remittances Achieve Record Highs in June, Fiscal Year Inflows Surge
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