Egypt Today: The Cabinet’s Media Center announced that remittances from Egyptians working abroad more than doubled over the past decade, rising to $36.5 billion in fiscal year 2024/2025 compared with $17.1 billion in 2015/2016—an increase of $19.4 billion. The data also showed that July 2025 alone recorded $3.8 billion in remittances, the highest monthly figure ever achieved.
According to the center, this record performance reflects the Central Bank of Egypt’s prudent monetary policy, which helped stabilize the exchange rate, strengthen confidence in the economy, and enhance net international reserves, enabling the country to better withstand external challenges. The International Monetary Fund also stressed that the surge signals growing confidence in Egypt’s economic reforms since March 2024.
Remittance inflows in recent years stood at $21.9 billion in 2023/2024, $22.1 billion in 2022/2023, $31.9 billion in 2021/2022, and $31.4 billion in 2020/2021. This sharp rise in inflows has been a major factor in strengthening Egypt’s foreign reserves, which nearly doubled within a decade. Net international reserves rose to $48.7 billion in June 2025 and reached $49.3 billion in August 2025, compared with just $17.5 billion in June 2016. By contrast, reserves were $46.4 billion in June 2024, $34.8 billion in 2023, $33.4 billion in 2022, and $40.6 billion in 2021.
The Institute of International Finance noted that record tourism revenues, combined with the strong recovery in remittances and steady export growth, have provided Egypt with robust foreign currency resources. These developments, the institute explained, have significantly strengthened the country’s external position and created a solid buffer against global shocks.
https://www.egypttoday.com/Article/3/142544/Remittances-from-Egyptians-abroad-hit-record-36-5B-in-2025
