Remittances of Egyptians abroad increased by 73 percent in 2015-2021, with an unprecedented amount of $31.5 billion in 2021 alone, according to a Sunday report by the Information and Decision Support Center.
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In 2020, remittances amounted to $29.6 billion, and $26.8 billion in 2019 and $18.3 billion in 2019 and 2015, respectively.
Remittances of Egyptians abroad represent an important source of hard currency in Egypt, with every Egyptian pound flotation having a direct positive effect on the amount of remittances. The most recent pound flotation was in November 2016.
