Remittances from Egyptians working abroad made exceptional performance during the first nine months of the 2025-2026 fiscal year, continuing to strengthen their position as one of the most important sources of foreign currency for the Egyptian economy.
Data showed that remittances from Egyptians abroad increased by 32 percent during the period from July 2025 to March 2026, reaching approximately US$34.9 billion, compared to approximately $26.4 billion during the same period of the previous fiscal year – an increase of over $8.4 billion.
This strong growth comes amidst the continued recovery of foreign currency inflows and the improved attractiveness of official banking channels, supported by economic measures that have contributed to strengthening the stability of the exchange market and providing greater flexibility in foreign currency transactions.
Banking expert Sahar al-Damaty said that the record increase in remittances from Egyptians working abroad reflects their growing confidence in the formal banking system and the continued success of economic and monetary policies in attracting funds through legitimate channels.
The growth in remittances is a positive indicator of improved foreign currency resources, she said, which supports the stability of the exchange market and strengthens the Egyptian economy’s ability to meet its external obligations and finance import needs, as well as contributing to an increase in foreign currency reserves.
The continuation of this strong performance also reflects the banking sector’s benefit from the expansion of digital services and the streamlining of money transfer procedures, the expert explained.
Edited translation from Al-Masry Al-Youm
