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Egypt receives $1.7 billion in expats' remittances: Central Bank

Image of Egyptian pound used for illustrative purpose.

Image of Egyptian pound used for illustrative purpose.

lstock

02 January 2017
Amgad Ali

Remittances from Egyptian expats in November were up 33.2 percent compared to the previous month, a recent report by the Egyptian central bank showed.

November’s remittances rose for the second consecutive month to record $1.7 billion, compared to $1.3 billion in October, the report added.

The state saw a 35.7 percent rise in remittances to reach $1.3 billion during October, compared to $937.3 million in September.

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© Amwal Alghad 2017
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