Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior

Investors aren’t the only ones who like the float of the EGP: The central bank announced yesterday that Egyptians living abroad have sent home 13.8% in remittances since the float of the EGP, Reuters reports. Remittances increased to USD 8 bn in the five month-period since the float, compared to USD 7 bn in the same period a year earlier.