Ahmed Kamel – Egypt Daily News
Egyptian workers abroad sent home $25.6 billion in remittances over the first seven months of the 2025/2026 fiscal year, marking a 28.4% increase compared to $20.0 billion during the same period in 2024/2025, according to the Central Bank of Egypt.
The central bank noted that remittances in January 2026 alone rose by 21.0% to $3.5 billion, up from $2.9 billion in January 2025, highlighting sustained growth in foreign transfers from Egyptians working overseas.
In parallel, Egypt’s foreign exchange reserves reached a historic high of $52.6 billion in January 2026, reflecting increased financial stability and stronger inflows from remittances and other sources.
Officials said the record inflows play a critical role in supporting the national economy, helping to stabilize the local currency and providing additional liquidity for imports and government priorities.
The rise in remittances comes amid broader economic measures aimed at attracting foreign currency and strengthening the balance of payments, signaling confidence among Egyptians abroad in continuing to support families and investments at home.
