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| 02 January, 2017

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.

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Cairo saw a 35.7 percent rise in remittances to reach $1.3 billion during October

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