{"id":665140,"date":"2025-05-13T00:00:00","date_gmt":"2025-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/"},"modified":"2025-05-13T00:00:00","modified_gmt":"2025-05-13T00:00:00","slug":"remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","title":{"rendered":"Remittances more than double y-o-y to record February high of USD 3 bn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Remittances fro<\/strong><strong>m Egyptians residing abroad continued to rise in February<\/strong>, climbing 130.8% y-o-y to around USD 3 bn \u2014 the highest figure recorded during the month \u2014 according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/877.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from the Central Bank of Egypt. February marks the twelfth consecutive month of y-o-y remittance growth, according to the CBE. The figure was also up on a monthly basis, rising from the USD 2.9 bn recorded in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa270a92-ff78-408c-a8f4-e33024be0d22\" style=\"\" rel=\"noopener\">January<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remittance inflows began to return to official channels after the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8ea59e39-6fc2-4391-a708-7c96349d5908\" style=\"\" rel=\"noopener\">float<\/a><\/strong><strong> of the EGP back in <\/strong><strong>March 2024<\/strong>, which effectively put an end to the parallel market that had pushed remittance flows through unofficial channels. Remittances have risen by 72.4% to record USD 32.6 bn transferred since the float of the currency, according to the CBE data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remittances are expected to continue their upward trajectory throughout the year<\/strong>, with Morgan Stanley <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78c8a4d7-ad9d-4a02-8929-44317e982f1d\/morgan-stanley%25e2%2580%2599s-key-takeaways-on-egypt%25e2%2580%2599s-economic-outlook\" style=\"\" rel=\"noopener\">forecasting<\/a> USD 32 bn in inflows during the current fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This could also be the year remittance flows surpass their pre-FX crisis peak.<\/strong> Last fiscal year saw remittances hitting only USD 22.1 bn as the parallel market pushed remittance flows through unofficial channels, down from a USD 31.4 bn peak in FY 2020\/21.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>February\u2019s figures are a testament to a number of things \u2014 \u201cfirstly, it shows the success <\/strong><strong>of<\/strong><strong> the reforms taken by the CBE in March 2024,\u201d<\/strong> banking expert Mohamed Abdel Aal told EnterpriseAM. \u201cIt also shows the success of the flexible exchange rate policy in achieving balance between supply and demand, and achieving stability and reassurance due to the absence of any currency shortages,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also playing a part:<\/strong> \u201cThe attractiveness of Egyptian savings instruments since the decision is also one of the most important factors behind the increase in remittances from Egyptians working abroad, and we expect them to remain attractive for Egyptian expats down the line,\u201d Abdel Aal continued. \u201cThe growth in remittances is also an indication of confidence in Egypt\u2019s banking system, and in the Egyptian economy as a whole,\u201d he concluded.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The country\u2019s GDP is heavily impacted by the level of remittance inflows: <\/strong>Money sent from abroad is expected to have made up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/92d4538c-96e8-4aa0-9848-b0f293f17dc0\/%253cmark%253eremittances%253c%2Fmark%253e-from-egyptians-abroad-surge-51.3%2525-in-2024\" style=\"\" rel=\"noopener\">around 8% of the country\u2019s entire GDP in 2024<\/a>, up from 5% in 2023 and 6.1% in 2022. In terms of current account inflows, Egyptians abroad sending FX home are expected to account for 35% of inflows in 2024, up from the 25% recorded the year prior, but still a long way off the 45% recorded in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis<\/p>\n","protected":false},"author":1,"featured_media":665141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[104,72,2234,2396],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-foreign-exchange","tag-remittances","wpautop","entry"],"acf":{"mongo_id":"5904e9ab-8341-4608-976a-fa2c50577300","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/612.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Remittances from Egyptians abroad more than double y-o-y to record February high of USD 3 bn","related_issue":[665135],"teaser":"February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.a156c6e9-9f7d-461e-9ed2-79472575a22d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Remittances more than double y-o-y to record February high of USD 3 bn - 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\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances more than double y-o-y to record February high of USD 3 bn\" \/>\n<meta property=\"og:description\" content=\"February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Remittances more than double y-o-y to record February high of USD 3 bn\",\"datePublished\":\"2025-05-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\"},\"wordCount\":403,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"foreign exchange\",\"remittances\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\",\"name\":\"Remittances more than double y-o-y to record February high of USD 3 bn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Remittances more than double y-o-y to record February high of USD 3 bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Remittances more than double y-o-y to record February high of USD 3 bn - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","og_locale":"en_US","og_type":"article","og_title":"Remittances more than double y-o-y to record February high of USD 3 bn","og_description":"February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-05-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Remittances more than double y-o-y to record February high of USD 3 bn","datePublished":"2025-05-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/"},"wordCount":403,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1","keywords":["economy","EnterpriseAM","foreign exchange","remittances"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","name":"Remittances more than double y-o-y to record February high of USD 3 bn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1","datePublished":"2025-05-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Remittances more than double y-o-y to record February high of USD 3 bn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":669009,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/remittances-reach-all-time-may-high\/","url_meta":{"origin":665140,"position":0},"title":"Remittances reach all-time May high","author":"enterpriseam admin","date":"27 July 2025","format":false,"excerpt":"This marks the highest figure ever recorded in the month of May","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2404.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":667350,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/24\/remittances-rise-39-0-y-o-y-in-april-to-usd-3-0-bn\/","url_meta":{"origin":665140,"position":1},"title":"Remittances rise 39.0% y-o-y in April to USD 3.0 bn","author":"enterpriseam admin","date":"24 June 2025","format":false,"excerpt":"This marks 14 consecutive months of y-o-y remittance growth","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":666546,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/10\/remittances-from-egyptians-abroad-continue-to-rise-in-march-reaching-usd-3-4-bn\/","url_meta":{"origin":665140,"position":2},"title":"Remittances from Egyptians abroad continue to rise in March, reaching USD 3.4 bn","author":"enterpriseam admin","date":"10 June 2025","format":false,"excerpt":"This marks the thirteenth consecutive month of y-o-y remittance growth","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2375.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554158,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/remittances-up-1-5-in-1q2021-2022\/","url_meta":{"origin":665140,"position":3},"title":"Remittances up 1.5% in 1Q2021-2022","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the central bank announced in a statement (pdf). The quarterly figure rose despite September being a slow month, with remittances dipping 3% y-o-y to USD 2.6 bn. In August, remittances grew\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661254,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/remittances-from-egyptians-abroad-surge-51-3-in-2024\/","url_meta":{"origin":665140,"position":4},"title":"Remittances from Egyptians abroad surge 51.3% in 2024","author":"enterpriseam admin","date":"25 February 2025","format":false,"excerpt":"Inflows from Egyptians abroad inched up as they started sending more of their remittances through official channels following the EGP float","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2375.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665114,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/12\/remittances-more-than-doubled-y-o-y-to-usd-3-bn-in-february\/","url_meta":{"origin":665140,"position":5},"title":"Remittances more than doubled y-o-y to USD 3 bn in February","author":"enterpriseam admin","date":"12 May 2025","format":false,"excerpt":"Good afternoon, wonderful people. We have a light issue for you today. Enjoy it while you can \u2014 last week\u2019s calm saw a torrent of news the following day. Read ahead for details on the upwards remittances trend from Egyptian expats, Nawy\u2019s Series A funding round, and the future (or\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=665140"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665140\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665141"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665140"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665140"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}