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Egypt’s Remittances Hit Record High of USD 29.4B

Egypt’s Remittances Hit Record High of USD 29.4B
Image Source: Egyptian Gazette Website

Egypt’s remittance inflows are hitting new highs.

Remittances from Egyptians working abroad rose 28% year-on-year during July–February of FY 2025/2026, reaching USD 29.4 billion, according to Central Bank data.

In February 2026, inflows climbed 25.7% to USD 3.8 billion, up from USD 3.0 billion a year earlier. 

Why You Should Care

Remittances are among Egypt’s most important sources of foreign currency, alongside Suez Canal revenues, export earnings, and tourism receipts.

Their sustained growth is reinforcing dollar liquidity across the economy, supporting business activity, and strengthening the overall flow of capital into the market.

In short, stronger remittances translate into more liquidity, more stability, and more room to maneuver.


During the first eight months of FY 2025/2026, Egyptians abroad sent home USD 29.4 billion, compared to USD 23.0 billion during the same period last year.

The February data reinforces the trend. Monthly remittances reached USD 3.8 billion, marking a 25.7% increase year-on-year. 

The Ripple

The impact extends beyond headline numbers.

Higher remittance inflows strengthen Egypt’s foreign reserves and banks gain more dollar liquidity.

At the household level, remittances act as a direct income boost, supporting spending across sectors from retail to real estate. That makes them one of the fastest transmission channels from global earnings to local economic activity.

What to Watch

Strong remittance momentum is positioning Egypt for stable and sustained dollar inflows in the months ahead.

The continuation of current trends will support higher liquidity, imports, business activity, and overall economic confidence, reinforcing remittances as a consistent engine of foreign currency growth.

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