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Gulf-based Egyptians push remittances to record high

By CityCalc Newsroom · Fri Jul 10 2026 · Source: AGBI

Egyptian workers abroad sent home around $43 billion in the first 11 months of the 2025-2026 fiscal year, the highest level in the country’s history. The elimination of the currency black market and a rising cost of living has pushed more money through formal banking channels.

Egyptian workers abroad sent home around $43 billion in the first 11 months of the 2025-2026 fiscal year, the highest level in the country’s history. The elimination of the currency black market and a rising cost of living has pushed more money through formal banking channels.

Curated by CityCalc from AGBI. Read the full article at the source.

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