The Central Bank of Egypt published updated data showing a strong increase in remittances from Egyptians working abroad in FY 2024/2025 to date, with inflows up 69.6% year on year to about USD 32.8 billion for July/May. For January/May 2025, remittances rose by 59% year on year to around USD 15.8 billion. On a monthly basis, May 2025 remittances increased by 24.2% year on year to about USD 3.4 billion, described as the highest level of inflows ever recorded in May.
Central Bank of Egypt reports sharp rise in remittances from Egyptians working abroad
The Central Bank of Egypt reported a 69.6% year-on-year increase in remittances from Egyptians abroad for FY 2024/2025, reaching approximately USD 32.8 billion by May. From January to May 2025, remittances rose 59% year on year to USD 15.8 billion, with May alone seeing a 24.2% increase to USD 3.4 billion, marking the highest inflows recorded for that month.