Remittances of Egyptian expats hit $3.1b in April

The Central Bank of Egypt (CBE) said Tuesday that remittances of Egyptian expatriates hit $3.1 billion in April recording an increase of 24.4% on an annual basis against $2.5 billion in April 2021.

In a statement, a copy of which MENA obtained, the CBE said April’s remittances declined by 7.2% compared to $3.3 billion in March 2022.

It pointed out that expats’ cash transfers during the period from January 2022 to April 2022 stood at $11.1 billion with a rise of 7.7% on an annual basis.

Leave a Reply

Your email address will not be published. Required fields are marked *

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

Retrieve your password

Please enter your username or email address to reset your password.