Remittances from Egyptians working abroad posted a sharp increase during the first eight months of the 2025/26 fiscal year, underscoring a continued recovery in one of the country’s most vital sources of foreign currency.
According to newly released data, inflows rose by 28% between July and February, reaching approximately $29.4 billion, compared to around $23.0 billion during the same period of the previous fiscal year.
The surge highlights growing confidence among expatriates and reflects improving transfer channels, as authorities continue efforts to stabilize the foreign exchange market and attract hard currency into the formal banking system.
On a monthly basis, remittance inflows also recorded strong growth. Transfers in February 2026 climbed by 25.7% year-on-year, totaling roughly $3.8 billion, up from about $3.0 billion in February 2025.
Remittances remain a cornerstone of Egypt’s external financing structure, often exceeding revenues from key sectors such as tourism and the Suez Canal. The latest figures suggest a sustained upward trend that could ease pressure on the country’s balance of payments and support its currency stability.
Analysts say the rebound is partly driven by exchange rate adjustments, which have narrowed the gap between official and parallel market rates, encouraging expatriates to channel funds through official means. Additionally, policy measures aimed at incentivizing foreign currency inflows appear to be gaining traction.
With global economic uncertainty still weighing on emerging markets, the resilience of remittance inflows offers a critical buffer for Egypt’s economy, reinforcing its ability to meet external obligations and maintain macroeconomic stability.
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