The Egyptian economy reaped successes in exchange rate flexibility, as non-governmental foreign exchange deposits, with the exception of the Central Bank, grew to record $56.6 billion, and there was a demand for investment in dollar savings vessels in banks.
– Remittances from Egyptians abroad increased to $20.8 billion during the period (January-September) 2024.
– In September 2024, remittances witnessed a 108% increase, reaching $2.7 billion.
– Remittances increased in the first quarter of 2024-2025 to reach $8.3 billion
– In August 2024, remittances recorded $2.6 billion.
