Egyptian Expat Remittances Rise 42.8% in First 10 Months of 2025

Remittance inflows from Egyptians working abroad rose 42.8% year on year in the first 1 months of 2025 to USD 33.9 billion, up from USD 23.7 billion in the same period of 2024, according to the Central Bank of Egypt. Monthly inflows in October increased 26.2% to USD 3.7 billion, compared with USD 2.9 billion in October 2024. Inflows reached USD 10.02 billion in the second quarter of 2025, up from USD 9.37 billion in the first quarter. Remittances remain among Egypt’s largest and most stable sources of foreign currency alongside tourism revenues and Suez Canal income, supporting foreign reserves and easing pressure on the balance of payments. The Central Bank of Egypt introduced measures in March 2025, including a sharp devaluation of the local currency and a six percentage point interest rate hike. The bank said these steps narrowed gaps in the domestic hard currency market and improved the formal inflow of remittances. Remittances have historically played a counter cyclical role in Egypt’s economy, supporting household consumption and providing a buffer during periods of external stress.