Banking Expert Explains Rise in Egyptian Remittances

Remittances from Egyptians abroad have experienced an unprecedented increase, reaching approximately $39.2 billion during the period from July 2025 to April 2026. This represents a 33.2% rise compared to the previous period. Experts explained that factors such as the stability of the Egyptian economy, rising interest rates, and the worsening conditions in some regional countries—especially the Iran-U.S. conflict—primarily contributed to this surge in transfers. They also pointed out that the growing number of Egyptian workers abroad, along with the high growth and inflation rates in the countries where they work, have further helped to boost cash inflows.

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