Egyptian Expat Remittances Hit $25.6 Billion in 7 Months

 Remittances from Egyptians working abroad surged significantly during the first seven months of the FY2025/26 fiscal year, underscoring their critical role in supporting the country’s economy.

According to data from the Central Bank of Egypt (CBE), total remittances reached approximately $25.6 billion, up from $20.0 billion during the same period of the previous fiscal year, marking a strong 28.4% year-on-year increase.

The sustained growth highlights the resilience of remittance flows and their importance as a key source of foreign currency for Egypt, particularly amid ongoing global pressures on currency markets and commodity prices.

On a monthly basis, remittances in January 2026 rose by 21%, reaching around $3.5 billion, compared to $2.9 billion in January 2025. The figures point to continued strong inflows of foreign currency in recent months.

Remittances remain one of Egypt’s most vital sources of foreign exchange, directly contributing to boosting foreign reserves, financing imports, and easing external imbalances. They also play a significant role in supporting household incomes and domestic consumption across the country.

The latest increase comes amid a broader surge in remittance flows in recent years. Total transfers during the 2025 calendar year reached approximately $41.5 billion, representing a 40.5% increase compared to 2024, the highest level on record since data tracking began, according to the central bank.

Alongside other major sources of foreign currency, such as tourism revenues and income from the Suez Canal, remittances have played a pivotal role in strengthening Egypt’s ability to manage balance of payments pressures and stabilize its local currency.