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Elham AbolFateh

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Remittances of Egyptians abroad hit $ 2 billion in February: CBE

Sunday 13/May/2018 - 06:48 PM
Sada El Balad
Ahmed Moamar
The Central Bank of Egypt (CBE) released a statement today says that the net remittances of the Egyptians abroad hit $ 2 billion in February.
Those remittances grew by 11.6% when they were compared to ones of the previous year.
The statement also revealed that the total sum of remittances throughout the months from July 2017 to February this year، was estimated in $3.4 billion.
Those remittances broke a record as they grew by 24.1%.
It is worth to mention that remittances of the nationals working abroad present an important item of revenues of the public budget.
Egypt has suffered a poetical and economic turmoil over the years followed the 25th January 2011.

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