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Remittances from Egyptians working abroad increased by 28.1% during the first seven months of 2026, reaching approximately $29.7 billion compared to $23.2 billion in the same period of the previous year. July alone saw a 20% increase, with remittances amounting to $4.5 billion versus $3.8 billion in July 2025. The decision to liberalize the exchange rate in March 2024 helped eliminate the black market and unify the exchange rate, leading to a return and improvement in the flow of foreign remittances from Egyptians working abroad.
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