Cairo – The Central Bank of Egypt announced that remittances from Egyptians working abroad have reached record levels during the period from July to March in the 2025/2026 fiscal year, posting an annual growth rate of 32 percent.
The bank said the total remittances from Egyptians abroad increased to approximately $34.9 billion in the first nine months of the current fiscal year. This compares to about $26.4 billion during the same period last year, marking a rise of around $8.5 billion.
This performance comes as Egypt continues to see a steady recovery in foreign currency inflows, supported by economic reforms and measures that have boosted official remittance channels and confidence in the banking sector.
More than five million Egyptians are working abroad. Their remittances play a vital role in supporting the national economy and are among Egypt’s top sources of foreign currency, alongside tourism revenues, exports, and direct foreign investments.
These remittances are also key to supporting Egypt’s foreign currency reserves and funding the country’s needs for hard currency. As a result, they help stabilize the currency market and strengthen overall economic indicators.
The continued growth of remittances underscores their increasing importance as one of the main pillars of Egypt’s economy, especially as these flows have continued to improve in recent months.