How do remittances from Egyptians abroad boost the Egyptian economy?:
– A major source of foreign currency
– Helps stabilize Egypt’s foreign exchange reserves
– Economic stability by providing a steady flow of funds that support consumption and investment
– Remittances are a primary source of income
– Many recipients of remittances invest this money in companies or real estate
– One of the largest sources of income in Egypt in the balance of payments
– Remittances help compensate for the country’s trade deficit.
