The increase represents an additional $2.2 billion in remittance inflows, reflecting continued growth in one of Egypt’s key sources of foreign currency.
Remittances from Egyptians working abroad increased by 20.4% during the first quarter of fiscal year 2026/2027, reaching approximately $13 billion, compared to $10.8 billion during the same period of the previous fiscal year, according to data released by the Central Bank of Egypt (CBE).
The increase represents an additional $2.2 billion in remittance inflows, reflecting continued growth in one of Egypt’s key sources of foreign currency.
In a statement issued on Tuesday, the CBE reported that remittances reached a record $38.2 billion during the first nine months of 2026, compared to approximately $30.2 billion during the corresponding period of 2025. This represents an increase of $8 billion, or approximately 26.5%, year-on-year.
The sustained growth in remittances highlights their importance to Egypt’s external financial position, as inflows from Egyptians abroad contribute to foreign currency availability and support the country’s balance of payments.
Remittances remain a major source of foreign exchange for Egypt, alongside tourism revenues, export earnings, foreign investment, and Suez Canal receipts.
