Remittances from Egyptian expats up by 15.4% y-o-y in December

Remittances from Egyptian expatriates rose 15.4% y-o-y in December 2016 to USD 1.6 bn from USD 1.4 bn last year, the CBE told Reuters. Remittances in 4Q2016 totalled USD 4.6 bn, an 11.8% increase from the same quarter last year.