Remittances from Egyptians working abroad recorded a strong increase during the first nine months of FY2025/2026, reaching their highest level for the period.

According to data released by the Central Bank of Egypt on Monday, remittances rose by 32% between July and March of FY2025/2026, reaching around $34.9 billion, compared to nearly $26.4 billion during the same period of FY2024/2025.

Remittances from Egyptians abroad remain one of the key pillars supporting the Central Bank of Egypt’s foreign currency reserves.

Their importance goes beyond regular financial inflows. These transfers act as a financial safety net that directly supports foreign exchange market stability, helps meet the country’s financing needs for imports of strategic goods and raw materials, and plays a critical role in meeting international obligations while reducing the current account deficit.