Surge in Remittances from Egyptians Abroad During First Fiscal Quarter

The Central Bank of Egypt reported a notable rise in remittances from Egyptian workers abroad during the first quarter of the current fiscal year, which commenced in July.

The value of these transfers reached 13 billion dollars between July and September, marking a 20.4% increase compared to the same period last year.

Official data from the Central Bank also highlighted record financial inflows during the first nine months of the current calendar year.

These inflows totaled approximately 38.2 billion dollars, reflecting positive indicators amidst the ongoing economic developments in the country.