Remittances from Egyptian expats hikes to $26.8B in 2019 – Egypttoday

Remittances from Egyptian expats hikes to $26.8B in 2019 – Egypttoday

Remittances from Egyptian expats hikes to $26.8B in 2019. CAIRO - 19 March 2020: Remittances from Egyptian expatriates hiked 5 percent or $1.3 billion during 2019, reaching $26.8 billion, compared to $25.5 billion in 2018, the Central Bank of Egypt (CBE) stated Thursday.. CBE clarified earlier in a statement that the remittances of Egyptian expats during the first four months of fiscal year 2019/2020 (from July to October 2019) recorded about $ 9 billion, up from $ 8 billion registered during the same period of 2018, marking an increase of 13.4 percent.. CBE announced in Nov. that the remittances of Egyptian expats increased by $277.1 million or 5.5 percent in July and August of 2019, reaching $4.4 billion, up from $4.2 billion during the same months of 2018.. Remittances are one of Egypt's main foreign currency sources, which have been on the rise since Egypt floated its local currency in November 2016..