Egyptians abroad sent home a record $38.2bn in the first nine months of 2026
Remittances rose 20.4% to about $13bn in July–September alone, the Central Bank of Egypt says.
Cairo — Remittances from Egyptians working abroad reached a record $38.2 billion in the first nine months of 2026, up from about $30.2 billion in the same period last year, the Central Bank of Egypt (CBE) said on Tuesday.
In the first quarter of the 2026/27 financial year, from July to September, remittances rose by 20.4% to about $13 billion, from about $10.8 billion a year earlier, Egypt Independent reported.
Banking expert Tarek Metwally said the increase reflected growing confidence in the Egyptian economy and banking sector. He linked it to the CBE's measures to stabilise the foreign exchange market and close the gap between the official and parallel exchange rates, which has encouraged Egyptians abroad to send money through banks.
Remittances are one of Egypt's main sources of hard currency, alongside tourism, exports and foreign direct investment. They add to dollar liquidity and help the country meet its external obligations and pay for imports.
Metwally said keeping up this pace would support the currency market, ease pressure on the pound and help build foreign reserves.
Source: Egypt Independent, 11 November 2026.
