Remittances from Egyptians abroad in 2025 recorded a historic jump of 37.5 billion
The Central Bank of Egypt announced a new economic achievement, as remittances from Egyptians working abroad recorded an unprecedented historical jump during the period from January to November 2025. These remittances increased at a growth rate of 42.5%, reaching the highest value in its history, recording about $37.5 billion, compared to about $26.3 billion during the same period of the previous year, reflecting a strong recovery in foreign currency flows through official channels.
On a monthly basis, remittances continued their upward trend, as Central Bank data showed a remarkable increase during November 2025 at a rate of 39.9%, recording about $3.6 billion, compared to about $2.6 billion in November 2024. These figures confirm the success of the monetary policies recently adopted by the Egyptian state in restoring the confidence of expatriates in the national banking system.
Reasons for the surge in transfers
This record increase can be attributed to a package of decisive economic measures, foremost among them the decision to unify and liberalize the exchange rate in March 2024. This decision put an end to the price gap between the official market and the parallel (black) market. This measure encouraged Egyptians abroad to return strongly to transferring money through banks and authorized exchange companies, after a period of fluctuation and some resorting to unofficial channels.
In addition, government initiatives played a prominent role in attracting savings from Egyptians abroad, such as offering dollar and local currency savings certificates with unprecedentedly competitive returns, launching an initiative to facilitate car imports for expatriates, and implementing insurance and pension programs like the "Tomorrow" program. All these factors coincided with a rise in Egypt's foreign currency reserves, exceeding $50 billion by the end of November 2025, thus strengthening the country's financial stability.
The economic importance of remittances
Remittances from Egyptians abroad are of paramount strategic importance to the Egyptian economy, as they constitute one of the most significant sources of foreign currency, often exceeding the revenues of other vital sectors such as tourism and the Suez Canal in some fiscal years. These inflows directly contribute to supporting the Egyptian pound's exchange rate and providing the necessary liquidity to finance imports and meet the needs of the domestic market.
Globally, these figures place Egypt among the top recipients of remittances. According to reports from international institutions such as the World Bank and the IMF, Egypt remains the leading destination for remittances in the Middle East and North Africa region, and among the top 10 recipient countries worldwide, confirming that the Egyptian workforce abroad represents a strategic asset and a key pillar of sustainable economic development plans.
