Egypt - Remittances from Egyptians working abroad grew by 10.2% year-on-year (YoY) or $1.7 billion during the first seven months of 2021, Al Mal Newspaper reported, citing data issued by the Central Bank of Egypt (CBE).

Remittances from Egyptian expats reached around $18.7 billion in the January-July period of 2021, versus $17 billion in the year-ago period, the CBE’s data showed.

In July 2021, remittances slightly fell by 3%, recording $2.79 billion, compared to $2.88 billion in July 2020.

It is worth noting that the CBE previously announced that Egypt’s balance of payment has recorded a surplus of $1.9 billion in fiscal year (FY) 2020/2021, versus a deficit of $8.6 billion in FY 2019/2020.

Moreover, the central bank unveiled that Egypt’s external debt reached $137.85 billion at the end of June 2021, almost up by $3.02 billion from $134.84 billion at the end of March 2021.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.