Close Menu
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Laos News DailyLaos News Daily
    • Home
    • Contact Us
    Laos News DailyLaos News Daily
    Home » Egypt remittance inflows reach $29.7 billion by July 2026
    Business

    Egypt remittance inflows reach $29.7 billion by July 2026

    September 22, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    CAIRO, EGYPT / RankWire.AI / – Remittances from Egyptians working abroad reached about $29.7 billion in the first seven months of 2026. The Central Bank of Egypt said inflows rose 28.1% from about $23.2 billion during January through July 2025. The figures cover money sent home by Egyptians employed overseas. They provide the latest official reading for the 2026 calendar year. The latest total is about $6.5 billion above the amount recorded in the same seven-month period of 2025.

    Egypt remittances reached $29.7 billion through July 2026 after a 28.1% annual rise.
    Egypt remittances reached $29.7 billion through July 2026 after a 28.1% annual rise.

    July alone brought in about $4.5 billion, up 20% from roughly $3.8 billion in July 2025. The monthly result followed increases reported earlier in the year. January remittances reached about $3.5 billion, rising 21% from $2.9 billion a year earlier. February inflows totaled about $3.8 billion, up 25.7% from $3.0 billion in February 2025. January and February together contributed about $7.3 billion to remittances recorded during the 2026 calendar year.

    On a fiscal-year basis, remittances reached about $47.3 billion in 2025/2026. That total was 29.6% higher than the $36.5 billion recorded in fiscal 2024/2025. June 2026 inflows stood at about $4.2 billion, compared with $3.6 billion in June 2025. That marked a 15.6% increase. The fiscal-year increase amounted to about $10.8 billion. The fiscal-year data cover July 2025 through June 2026, while the new $29.7 billion total covers January through July 2026.

    Remittance inflows sustain double-digit growth

    The Central Bank of Egypt also reported a record $41.5 billion in remittances during calendar year 2025. That was 40.5% above the approximately $29.6 billion sent home in 2024. The gain amounted to about $11.9 billion in dollar terms. During the first half of fiscal 2025/2026, remittances reached about $22.1 billion. The comparable figure a year earlier was $17.1 billion, giving the six-month period a 29.6% increase.

    December 2025 remittances reached about $4.0 billion, up 24% from $3.2 billion in December 2024. The bank identified that amount as a monthly record at the time. By January 2026, cumulative fiscal-year inflows had reached $25.6 billion, up 28.4% from $20.0 billion. Through February, the total rose to about $29.4 billion, compared with $23.0 billion a year earlier. That represented a 28% increase for the eight-month fiscal period.

    Official data show higher inflows across reporting periods

    The cumulative gains continued into the spring. Remittances for July through March of fiscal 2025/2026 reached about $34.9 billion, up 32% from $26.4 billion. By April, the ten-month total climbed to about $39.2 billion, 33.2% above the $29.4 billion reported a year earlier. April alone generated about $4.3 billion, a 44% increase from $3.0 billion in April 2025. The monthly gain amounted to about $1.3 billion in absolute terms.

    By May, fiscal-year remittances had reached about $43.1 billion, rising 31.2% from $32.8 billion in the comparable period. May inflows totaled about $3.9 billion, up 13.5% from roughly $3.4 billion a year earlier. The 11-month total was about $10.3 billion above the prior-year period. The fiscal year then closed at $47.3 billion before July pushed the 2026 calendar-year total to $29.7 billion. Across the latest official releases, both cumulative and monthly figures remained above their year-earlier comparisons.

    Related Posts

    Brent tops $115 as US-Iran strike reports lift oil

    October 29, 2026

    Microsoft voluntary exit offer covers 27% of its workforce

    October 27, 2026

    South Korea current account surplus hits $116.63 billion in Q2

    October 26, 2026

    Russia and Oman trade hits 10-year high at $1.5 billion

    October 23, 2026

    Japan exports rise for 13th month as imports grow faster

    October 23, 2026

    South Korea chip exports surge 222.5% in early October

    October 22, 2026
    Latest News

    Apple brings Touch and PROLED XDR display to MacBook Pro

    October 29, 2026

    Integrated Identity Enters Global Top 0.1% with Rare 100/100 Google PageSpeed

    October 29, 2026

    Cyclone Arnab kills three as India evacuates thousands

    October 29, 2026

    Brent tops $115 as US-Iran strike reports lift oil

    October 29, 2026

    Ebola death toll in DR Congo nears 4,900 as cases pass 10,000

    October 28, 2026

    UAE leaders honour flydubai crew for courage in air incident

    October 28, 2026

    Sheikh Khaled and Carney discuss UAE-Canada ties in Ottawa

    October 28, 2026

    Fertiliser costs from Iran war put African harvests at risk

    October 27, 2026
    © 2026 Laos News Daily | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.