{"id":325927,"date":"2022-08-02T13:52:43","date_gmt":"2022-08-02T13:52:43","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325927"},"modified":"2022-08-02T13:52:43","modified_gmt":"2022-08-02T13:52:43","slug":"remittances-from-egyptians-expats-rose-2-1-in-11-months","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/08\/02\/remittances-from-egyptians-expats-rose-2-1-in-11-months\/","title":{"rendered":"Remittances from Egyptians expats rose 2.1% in 11 months"},"content":{"rendered":"

Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.<\/p>\n

Remittances recorded $29.1 billion in the July 2021 and May 2022 period from $28.5 billion in the July 2020 and May 2021.<\/p>\n

In May, remittances registered $2.4 billion from $2.6 billion in May 2021.<\/p>\n

Remittances are one of Egypt\u2019s key sources of foreign currency in addition to exports, tourism, and the Suez Canal.<\/p>\n

In its report titled \u201cA War in a Pandemic\u2026 Implications of the Ukraine Crisis and COVID-19 on Global Governance of Migration and Remittance flows,\u201d the World Bank said Egypt ranked among the top five countries receiving remittances in 2021, with a total value of $32 billion, following India, Mexico, China, and the Philippines.<\/p>\n

The World Bank attributed this to the higher oil prices that fuel remittances from Gulf countries to Egypt as well as the economic downturns in Europe and the U.S.<\/p>\n

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Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.<\/p>\n","protected":false},"author":2,"featured_media":320293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[222],"class_list":["post-325927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-central-bank-of-egypt-cbe"],"yoast_head":"\nRemittances from Egyptians expats rose 2.1% in 11 months - egy-africa<\/title>\n<meta name=\"description\" content=\"Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/08\/02\/remittances-from-egyptians-expats-rose-2-1-in-11-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances from Egyptians expats rose 2.1% in 11 months - 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