Remittances from Egyptians working abroad recorded a sharp year-on-year increase of 42.8% during the first ten months of 2025, reaching approximately $33.9 billion, compared with $23.7 billion in the same period last year, according to data released by the Central Bank of Egypt (CBE).
On a monthly basis, remittances in October 2025 rose by 26.2%, totaling around $3.7 billion, up from nearly $2.9 billion in October 2024.
The upward trend follows strong performance in previous months. In September 2025, remittances climbed by 30.9% to about $3.6 billion, compared with $2.7 billion in September 2024, reflecting sustained growth in foreign currency inflows.
The robust rise in remittances comes amid broader improvements in Egypt’s external financial position. Data from the Central Bank also showed that net foreign exchange reserves increased to $50.071 billion in October, up from $49.534 billion in September 2025, marking one of the highest levels on record.
Economists view the continued growth in remittances as a key pillar supporting Egypt’s foreign currency liquidity, alongside rising export revenues, a recovery in tourism income, and improved capital inflows. Remittances remain one of the country’s most stable sources of hard currency, helping to strengthen the balance of payments and bolster financial stability.
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