In a statement released on Thursday, the Central Bank of Egypt (CBE) noted that on a monthly basis, remittances also showed notable growth.
Remittances from Egyptians working abroad recorded a strong increase during the first eight months (July to February) of fiscal year FY2025/2026, rising by 28% to reach approximately $29.4 billion, compared to about $23 billion during the same period of FY2024/2025, marking an increase of $6.4 billion.
In a statement released on Thursday, the Central Bank of Egypt (CBE) noted that on a monthly basis, remittances also showed notable growth.
Transfers in February increased by 25.7%, reaching around $3.8 billion, compared to approximately $3 billion in the same month of 2025.
Earlier in April, CBE announced that remittances from Egyptians working abroad increased to $22 billion during the six-month period from July to December 2025.
The bank added that Egypt’s transactions with the rest of the world during the first half of fiscal year 2025/2026 (July–December 2025) resulted in an improvement in the current account deficit, which narrowed to $9.5 billion.
Meanwhile, capital and financial transactions recorded a net inflow of roughly $6.5 billion.
