Egypt’s central bank announces $48.5bln net foreign reserves, higher remittances

In the third quarter of the fiscal year 2024/25, the remittances’ value jumped by 86.60% YoY

Staff Writer, Mubasher

June 5, 2025

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Cairo – The net international reserves (NIR) of Egypt hit $48.52 billion at the end of May 2025, according to the Central Bank of Egypt (CBE).

The CBE's data also showed that remittances from Egyptians working abroad hiked by 82.70% year-on-year (YoY) to $26.40 billion in the July 2024 to March 2025 period from $14.40 billion.

In the third quarter (Q3) of the fiscal year (FY) 2024/25, the remittances’ value jumped by 86.60% YoY to nearly $9.40 billion from $5 billion.

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