Record Flows of USD 36.5 Billion from Remittances of Egyptians Abroad During FY 2024/2025
First Bank
The FY 2024/2025 witnessed record flows of USD 36.5 billion from remittances of Egyptians working abroad, up by 66.2% (compared to around USD 21.9 billion during FY 2023/2024).
Likewise, remittances during the last quarter of FY 2024/2025 (April/June 2025) rose by 34.2% YOY to record around USD 10.0 billion (compared to about USD 7.5 billion during April/June 2024).
On a monthly basis, remittances during June registered the highest monthly level ever recorded, up by 40.7% YOY to reach around USD 3.6 billion (against about USD 2.6 billion in June 2024).
