Remittances from Egyptian expats record $11.1B in 5 months – Egypttoday

Remittances from Egyptian expats record $11.1B in 5 months – Egypttoday

CAIRO - 16 February 2020: Remittances from Egyptian expatriates hiked 12.1 percent during first five months of fiscal year 2019/2020 (from July to November 2019), reaching $11.1 billion, compared to $9.9 billion in the same months of 2018, the Central Bank of Egypt (CBE) stated Sunday.. CBE added in a statement that remittances of Egyptians abroad increased during November to $2 billion, compared to $1.9 billion in November 2018.. In October, remittances from Egyptian expatriates hiked 12.7 percent during October 2019, reaching $2.3 billion, compared to $2.1 billion in October 2018.. 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 from Egyptian expats jump to $2.3B in October.