Egypt benefits from strong increase in transfers from workers abroad

Remittance inflows from Egyptians working abroad rose sharply in 2025, providing a significant boost to the country’s foreign currency earnings. 

According to the Central Bank of Egypt, remittances increased 42.8 percent year on year during the first ten months of the year, reaching US$33.9 billion, up from US$23.7 billion over the same period in 2024.

The strong performance reflects growing confidence in official banking channels and improved foreign exchange conditions, as well as continued support from Egyptians living and working overseas.

Monthly figures also showed a notable rise. In October 2025, remittance inflows climbed 26.2 percent to US$3.7 billion, compared with US$2.9 billion recorded in October 2024, the bank said.

The data, reported by Ahram Online, highlights the critical role remittances play in supporting the Egyptian economy. Transfers from Egyptians abroad remain one of the country’s largest and most stable sources of foreign currency, helping to strengthen external balances and ease pressure on the local currency.

Economists note that sustained growth in remittances could contribute to greater financial stability in Egypt, particularly amid ongoing global economic uncertainty.