Remittances rose by a fifth in the July to September quarter, the central bank says, adding to Egypt's hard-currency inflows.
Money sent home by Egyptians working abroad climbed to about US$13 billion in the first quarter of Egypt's 2026/27 fiscal year, which runs from July to September, the Central Bank of Egypt said, according to Egypt Independent. That is 20.4% more than the roughly US$10.8 billion recorded in the same quarter a year earlier.
The central bank said total remittances for January to September 2026 reached US$38.2 billion, a record, compared with about US$30.2 billion in the same months of 2025.
Egypt Independent quoted banking expert Tarek Metwally, who tied the increase to the central bank's steps to stabilise the foreign-exchange market and remove the gap between the official and parallel rates. In his reading, more Egyptians abroad are now sending savings through banks rather than informal channels, and continued growth at this pace would help the country build reserves and ease pressure on the pound.
Remittances rank with tourism, exports and foreign direct investment among Egypt's main sources of foreign currency, which the state relies on to meet external obligations and pay for imports.
