CAIRO — Remittances from Egyptians working abroad recorded a solid year-on-year increase in January, underscoring their continued role as a key source of foreign currency inflows for the economy.
According to data released by the Central Bank of Egypt, remittance inflows reached approximately $3.5 billion in January, marking a 21% increase compared with around $2.9 billion in the same month a year earlier.
On a monthly basis, however, remittances declined by 12.5% from December levels, when inflows stood at roughly $4 billion, reflecting typical short-term fluctuations following year-end peaks.
Cumulative remittances during the period from July 2025 to January 2026 rose significantly to $25.6 billion, representing a 28.4% increase compared with approximately $20 billion recorded during the same period of the previous fiscal year.
The latest figures build on strong performance in the 2024/2025 fiscal year, when total remittances surged by more than 66% to reach about $36.5 billion, up from $21.9 billion in 2023/2024.
The sustained growth highlights the resilience of remittance flows despite global economic uncertainty, reinforcing their importance in supporting Egypt’s balance of payments and providing a stable source of foreign exchange.
