The Central Bank of Egypt published updated data showing a strong increase in remittances from Egyptians working abroad in FY 2024/2025 to date, with inflows up 69.6% year on year to about USD 32.8 billion for July/May. For January/May 2025, remittances rose by 59% year on year to around USD 15.8 billion. On a monthly basis, May 2025 remittances increased by 24.2% year on year to about USD 3.4 billion, described as the highest level of inflows ever recorded in May.
Central Bank of Egypt 2025-07-23
Central Bank of Egypt reports sharp rise in remittances from Egyptians working abroad
The Central Bank of Egypt reported a 69.6% year-on-year increase in remittances from Egyptians abroad for FY 2024/2025, reaching approximately USD 32.8 billion by May. From January to May 2025, remittances rose 59% year on year to USD 15.8 billion, with May alone seeing a 24.2% increase to USD 3.4 billion, marking the highest inflows recorded for that month.