September 16, 2021

Egyptian remittances record $31.4bn in FY 2020/21: CBE


Remittances grow by 13.2% over last year

The Central Bank of Egypt (CBE) said that remittances from Egyptians working abroad increased by about $3.7bn (13.2%) during fiscal year (FY) 2020/21, achieving a historic level of about $31.4bn, compared to about $27.8bn in FY 2019/20.

CBE explained, in a statement on Wednesday, that those transfers jumped by 29.6%, to record about $8.1bn during the period April-June 2021, compared to about $6.2bn during the same period in 2020.

Remittances increased in June 2021 at an annual rate of 15.5% to record about $2.9bn, compared to about $2.6bn in June 2020.

dailynewsegypt


Categories : banking

Finance & Economy

Patient Safety Movement Foundation Welcomes New Leadership

2021-10-24 10:10:00
-- The Patient Safety Movement Foundation (PSMF), a global non-profit committed to achieving zero preventable patient harm and death across the globe by 2030, today announced Michael A.E. Ramsay, MD, FRCA as its new chief executive officer. Following his appointment, Mike Durkin, OBE, MBBS, FRCA, FRCP, DSc will assume Ramsay’s previous role as chairman.......
Read More
IMF expert panel: Improved policy framew...
October 24, 2021
Reynaers shines with Ajdan Rise
October 24, 2021

Latest News



banking

Agricultural Bank of Egypt eyes reaching...
October 24, 2021
Agricultural Bank of Egypt injects EGP 1...
October 17, 2021
Mashreq Bank signs partnership with Visa...
October 17, 2021