According to the Central Bank of Egypt, remittances from Egyptians working abroad saw
a significant rise during the first seven months of the fiscal year 2025/2026 These remittances
amounted to approximately USD 25.6 billion, marking an impressive 28.4% increase compared
to the same period in FY 2024/2025, when remittances totaled about USD 20.0 billion
January 2026 Sees Notable Monthly Growth in Remittances
On a monthly basis, remittances from Egyptians working abroad grew by 21.0% in
January 2026, reaching nearly USD 3.5 billion This represents an increase from
USD 2.9 billion in January 2025
The Impact of Remittances on Egypt’s Economy
Remittances from Egyptians working abroad continue to play a crucial role in
supporting the country’s foreign currency reserves and economic stability
These funds help boost the Central Bank of Egypt’s reserves, contributing to
the nation’s overall economic stability
Key Drivers Behind the Surge in Remittances
Experts attribute the significant rise in remittances to various factors, including economic
recovery in key host countries and enhanced measures by the Central Bank of Egypt to
encourage remittances through official channels The economic conditions in countries
such as the Gulf States and Europe have also contributed to this growth
Future Projections for Remittances from Egyptians Working Abroad
Given the ongoing positive trends in the global economy, remittances from Egyptians
abroad are expected to continue to rise in the coming months of FY 2025/2026 This
growth will likely have a positive impact on Egypt’s foreign exchange reserves and further
support the country’s financial stability