Remittances by Egyptians working overseas have hit $29.4 billion during the first eight months of the 2025/2026 fiscal year, marking a 28 per cent rise compared to $23 billion in the same period of the previous year, the Central Bank of Egypt (CBE) announced on Thursday.
The July–February inflows highlight the growing role of expatriate transfers in supporting Egypt’s foreign currency reserves and overall economic stability, the CBE stated in a statement.
On a monthly basis, remittances in February 2026 rose by 25.7 per cent, to hit $3.8 billion compared to $3 billion in February 2025.
Officials noted that the sharp rise underscores the resilience of Egyptian workers abroad and their continued contribution to the national economy, particularly at a time when the government is hard at work to strengthen external balances and ensure sufficient foreign currency liquidity.
The CBE emphasised that remittances remain one of the major sources of foreign exchange for Egypt, alongside exports, tourism revenues, and Suez Canal receipts, and play a vital role in sustaining economic growth and financial stability.
