Remittance payments to Egypt rose to record $31.4bln FY 2020-21- central bank

Remittance payments for April-June stood at $8.1bln

  
Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, June 7, 2017. Image used for illustrative purpose.

Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, June 7, 2017. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

CAIRO- Remittances from Egyptians working abroad increased 13.2% year-on-year to a record $31.4 billion in the financial year that ended in June 2021, the central bank said on Wednesday.

Remittance payments for April-June stood at $8.1 billion, up from $6.2 billion in the same period in 2020, the bank said. Remittances are a key source of foreign currency for Egypt.

(Reporting by Aidan Lewis; Editing by Kevin Liffey) ((Aidan.Lewis@tr.com; +20-1001174410;))


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