{"id":647137,"date":"2017-05-03T03:57:30","date_gmt":"2017-05-03T03:57:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/"},"modified":"2017-05-03T03:57:30","modified_gmt":"2017-05-03T03:57:30","slug":"remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/","title":{"rendered":"Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior"},"content":{"rendered":"

Investors aren\u2019t the only ones who like the float of the EGP: <\/strong>The central bank announced yesterday that Egyptians living abroad have sent home 13.8% in remittances since the float of the EGP, Reuters<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors aren\u2019t 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647137","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"085f3b5d-6840-466f-b8d0-def4b6ef4fc3","order":"0","is_powered_by":true,"section_story_id":"18ca8fb3-3d23-4cd4-9e1a-87bd77ac0907","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647127],"teaser":"","voice_url":""},"yoast_head":"\nRemittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior\" \/>\n<meta property=\"og:description\" content=\"Investors aren\u2019t 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-03T03:57:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior\",\"datePublished\":\"2017-05-03T03:57:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\"},\"wordCount\":78,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/remittances-up-13-8-in-the-five-months-since-the-float-of-the-egp-compared-to-the-same-period-a-year-prior\/\",\"name\":\"Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior - 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In total, remittances during the period reached USD 9.3 bn. According to the balance of payments report, remittance inflows in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652370,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/egp-expected-to-appreciate-14-this-year-the-economist\/","url_meta":{"origin":647137,"position":1},"title":"EGP expected to appreciate 14% this year -The Economist","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"The EGP is among 12 currencies expected to appreciate against the USD in 2017, Economist Intelligence Unit chief economist Simon Baptist writes. \u201cOur most bullish call is for the EGP; we think that the markets have overshot after the welcome float of late 2016 and expect a 14% appreciation this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636923,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/float-drove-government-to-spend-egp-100-bn-over-budget-sources-say\/","url_meta":{"origin":647137,"position":2},"title":"Float drove government to spend EGP 100 bn over budget, sources say","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"The EGP float caused the government to spend over EGP 100 bn more than it planned in FY2016-17, three sources told Reuters. The increased spending was needed to cover additional cost of importing fuel and wheat. Higher borrowing costs were also a factor, and the government will now seek parliamentary\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/11\/1076.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642356,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/inflows-hit-usd-40-bn-since-egp-float\/","url_meta":{"origin":647137,"position":3},"title":"Inflows hit USD 40 bn since EGP float","author":"enterpriseam admin","date":"13 August 2017","format":false,"excerpt":"Egypt has pulled in USD 40 bn worth of inbound investment and transfers from abroad since the EGP float in November, said CBE Deputy Governor Rami Aboul Naga on Thursday. The influx comes from receipts from exports, the carry trade, and de-USDization (either on the local market or through remittances)\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641074,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/egypt-bop-nets-usd-13-71-surplus-in-fy2016-17\/","url_meta":{"origin":647137,"position":4},"title":"Egypt BoP nets USD 13.71 surplus in FY2016-17","author":"enterpriseam admin","date":"12 September 2017","format":false,"excerpt":"Egypt\u2019s balance of payments report for fiscal year 2016-17 is out. Here\u2019s what you need to know: The carry trade boomed post-float as foreign investors looked to take advantage of high interest rates here. Oil and gas investment led a surge in FDI. 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