{"id":667350,"date":"2025-06-24T00:00:00","date_gmt":"2025-06-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/24\/remittances-rise-39-0-y-o-y-in-april-to-usd-3-0-bn\/"},"modified":"2025-06-24T00:00:00","modified_gmt":"2025-06-24T00:00:00","slug":"remittances-rise-39-0-y-o-y-in-april-to-usd-3-0-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/24\/remittances-rise-39-0-y-o-y-in-april-to-usd-3-0-bn\/","title":{"rendered":"Remittances rise 39.0% y-o-y in April to USD 3.0 bn"},"content":{"rendered":"

Remittance<\/strong>s from Egyptians abroad continued to rise on an annual basis in <\/strong>April<\/strong>, increasing 39.0% y-o-y to around USD 3 bn, according to a statement (pdf)<\/a> from the Central Bank of Egypt. This marks 14 consecutive months of y-o-y remittance growth.<\/p>\n

Remittances also rose to new heights in the first ten months of the current fiscal year<\/strong>, with Egyptians expats sending in some USD 29.4 bn during the period, up 77.1% y-o-y. Remittances sent during the period between January and April saw an increase of 72.3% y-o-y, reaching around USD 12.4 bn. <\/p>\n

REMEMBER-<\/strong> Remittance inflows began to return to official channels after the float<\/a> of the EGP back in March 2024, which effectively put an end to the parallel market that had pushed remittance flows to unofficial channels. Remittances are expected to continue their upward trajectory throughout the year, with Morgan Stanley forecasting<\/a> USD 32 bn in inflows during the current fiscal year.<\/p>\n

This also brings us closer to remittance flows surpassing their pre-FX crisis peak.<\/strong> Last fiscal year saw remittances hitting only USD 22.1 bn \u2014 as the parallel market pushed remittance flows to unofficial channels \u2014 down from a USD 31.4 bn peak in FY 2020-2021.<\/p>\n

Money sent from abroad is expected to have made up <\/strong>around 8% of the country\u2019s entire<\/a><\/strong>GDP in 2024<\/a><\/strong>, up from 5% in 2023 and 6.1% in 2022. In terms of current account inflows, remittances from Egyptian expats are expected to have accounted for 35% of inflows in 2024, up from the 25% recorded the year prior, but still a long way off from the 45% recorded in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

This marks 14 consecutive months of y-o-y remittance growth<\/p>\n","protected":false},"author":1,"featured_media":667351,"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-667350","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":"8bca2668-55e8-4996-a0e0-b9220ae6c2f1","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1369.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Remittances from Egyptians rise 39.0% y-o-y in April to USD 3.0 bn","related_issue":[667338],"teaser":"This marks 14 consecutive months of y-o-y remittance growth","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.696ffd8d-9311-44fd-810d-7ddd048fc99a.mp3"},"yoast_head":"\nRemittances rise 39.0% y-o-y in April to USD 3.0 bn - 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In August, remittances grew\u2026","rel":"","context":"In "Economy"","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":669009,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/remittances-reach-all-time-may-high\/","url_meta":{"origin":667350,"position":2},"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 "Economy"","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":665140,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/remittances-more-than-double-y-o-y-to-record-february-high-of-usd-3-bn\/","url_meta":{"origin":667350,"position":3},"title":"Remittances more than double y-o-y to record February high of USD 3 bn","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/612.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567814,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-budget-deficit-down-remittances-up\/","url_meta":{"origin":667350,"position":4},"title":"Egypt\u2019s budget deficit down, remittances up","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"Egypt\u2019s budget deficit shrank to EGP 134.9 bn, equivalent to 2.1% of GDP in 1Q2020-2021 compared to 2.3% during the same period last year, according to a Finance Ministry report (pdf). The report attributes the narrowing deficit to an 18.4% y-o-y uptick in state revenues to EGP 204.7 bn, which\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564211,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/remittances-spike-in-may\/","url_meta":{"origin":667350,"position":5},"title":"Remittances spike in May","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"Remittance inflows from Egyptians working abroad rose almost 50% in May to USD 2.6 bn, up from USD 1.8 bn in May 2020, according to central bank figures (pdf) released this morning. Expats sent some USD 28.5 bn back home during the first 11 months of the fiscal year (July\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/454.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667350","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=667350"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667350\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/667338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/667351"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=667350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=667350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=667350"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=667350"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=667350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}