Egyptians Abroad Send Record USD 13 Billion Home in Three Months

Remittances from Egyptians working abroad reached a record USD 13 billion during the first quarter of fiscal year 2026/2027, marking a 20.4% increase compared to the same period a year earlier, according to data released by the Central Bank of Egypt (CBE) on November 10th, 2026.

The figure, covering July to September 2026, rose from approximately USD 10.8 billion during the corresponding quarter of the previous fiscal year. The increase brought total remittances received between January and September 2026 to USD 38.2 billion, compared to USD 30.2 billion during the same nine-month period in 2025.

The continued growth follows Egypt's exchange rate reforms in March 2024, which narrowed the gap between official and parallel market exchange rates and encouraged Egyptians working abroad to transfer money through banks and other regulated financial institutions.

Higher foreign currency liquidity, attractive deposit products and the expansion of digital money transfer services have also supported remittance inflows, making it easier for Egyptians overseas to send funds through formal banking channels.

Remittances remain Egypt's largest single source of net foreign currency inflows, helping support the country's balance of payments, foreign currency reserves and banking system liquidity. They also provide a significant source of external financing alongside tourism revenues, Suez Canal receipts and foreign direct investment.

The latest figures extend a period of growth in remittance inflows, which reached a record USD 47.3 billion during fiscal year 2025/2026, up 29.6% from USD 36.5 billion the previous year.