Remittances from Egyptians working abroad recorded unprecedented inflows during the first 10 months of 2025, reaching approximately $33.9bn, compared with around $23.7bn in the same period of the previous year, the Central Bank of Egypt (CBE) announced on Sunday. On a monthly basis, remittances rose by 26.2% year-on-year in October, reaching about $3.7bn, up from nearly $2.9bn in October 2024, according to the CBE. He stressed that remittances represent one of Egypt’s most important sources of foreign currency, particularly amid the economic pressures resulting from regional and global crises. Meanwhile, prominent banking expert Mohamed Abdel Aal described remittances from Egyptians abroad as “Egypt’s inexhaustible mine,” noting that they significantly exceed the value of gold holdings within the country’s foreign exchange reserves. He concluded that remittances from Egyptians abroad are not merely balance-of-payments figures, but a strategic national asset whose annual value and reliability surpass those of even the most precious metals held in the country’s vaults.

Source: Daily News Egypt December 21, 2025 18:16 UTC