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Egypt remittances hit record $36.5bn on currency reforms

Cairo, Egypt. Photo by Spencer Davis @ Unsplash
Cairo, Egypt. Photo by Spencer Davis @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Remittances surged 66% in 2024/25 to historic $36.5 billion
  • Currency float and IMF-backed reforms boosted FX inflows
CAIRO, EGYPT – Remittances from Egyptians abroad soared to an unprecedented $36.5 billion in the 2024/25 fiscal year, the Central Bank of Egypt said, underscoring renewed confidence in the economy after sweeping currency reforms.
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