Remittances from Egyptian abroad jump 86.8% YoY in July

This marks the fifth consecutive month of growth in remittances, up by 15.9% as compared to last June

Staff Writer, Arab Finance

September 9, 2024

PHOTO

Remittances from Egyptians working abroad rose by 86.8% year on year (YoY) to roughly $3 billion in July 2024, Asharq Business reported.

This marks the fifth consecutive month of growth in remittances, up by 15.9% as compared to last June.

During the first seven months of this year, remittances saw a 32.4% YoY surge, hitting around $15.5 billion.

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