Business · Economy · 14 hrs ago
Egyptians abroad send record $13bn in remittances in July-September
Egyptians working abroad sent a record $13 billion to Egypt from July to September 2026.
That was a 20.4% rise from the same period a year earlier, when inflows were about $10.8 billion.
The increase is part of a broader recovery: remittances reached a record $47.3 billion in fiscal year 2025/26.
More transfers have returned to official banking channels since Egypt unified exchange rates in March 2024, narrowing the gap with the parallel market.
Remittances are one of Egypt’s largest sources of foreign currency, and the country’s reserves reached about $57 billion in September 2026.
The inflows support Egypt’s external finances as the country works to improve its public finances and reduce debt burdens.
Moody’s upgraded Egypt’s credit rating to B3 in October and kept a positive outlook, indicating potential for further improvement in its debt burden and borrowing costs.
Remittances from Egyptians working abroad reached a record $13 billion in July-September, the first quarter of fiscal year 2026/27.
The inflows rose 20.4 percent from about $10.8 billion in the same period a year earlier, according to Central Bank of Egypt data.
Remittances for January-September 2026 also set a record, reaching $38.2 billion.
The recovery has been supported by transfers returning to official banking channels after Egypt unified its exchange rate in March 2024.
Remittances are among Egypt’s largest sources of foreign currency.
- Who
- Egyptians working abroad sent the remittances.
- What
- Inflows reached a record $13 billion, up 20.4 percent year on year.
- When
- July-September, the first quarter of fiscal year 2026/27.
- Where
- Egypt.
- Why
- Not stated
This story does not have two clearly opposing sides.
Egypt introduced exchange-rate unification, which helped encourage Egyptians abroad to use official financial institutions.
Remittances reached a record $47.3 billion, up from $36.5 billion in the previous fiscal year.
Remittances reached a record $13 billion in the first quarter of fiscal year 2026/27.
Remittances totalled a record $38.2 billion, compared with $30.2 billion in the same period a year earlier.
- Quarterly remittances
- $13 billion
- Year-on-year change
- Up 20.4 percent
- Comparison period
- About $10.8 billion in July-September a year earlier
- Nine-month remittances
- $38.2 billion in January-September 2026
- Previous nine-month total
- $30.2 billion in January-September a year earlier