The Central Bank of Egypt announced an unprecedented surge in foreign currency inflows, with remittances from Egyptians working abroad reaching record highs in 2025, the highest in the country's history . Official data revealed a 40.5% increase in total remittances, reaching approximately $41.5 billion , compared to around $29.6 billion in 2024, reflecting a complete restoration of confidence in official banking channels.
Financial performance details and record growth
The detailed indicators in the Central Bank's statement showed steady growth throughout the year, with remittances increasing by 29.6% during the first half of the 2025/2026 fiscal year (July to December 2025), reaching approximately $22.1 billion, compared to $17.1 billion during the same period of the previous year. On a monthly basis, December 2025 witnessed exceptional performance, with remittances surging by 24.0% to reach $4.0 billion, the highest monthly level ever recorded, compared to $3.2 billion in December 2024.
Economic importance and the role of remittances in monetary stability
This record increase is of paramount importance to the Egyptian economy, as remittances from expatriates are one of the four main pillars of Egypt's foreign currency reserves, alongside Suez Canal revenues, tourism income, and merchandise exports. This substantial influx contributes to bolstering the central bank's foreign currency reserves, which supports exchange rate stability and gives the country greater flexibility in meeting import needs and fulfilling its international obligations.
Boosting confidence in the banking sector
This significant growth is a direct result of the monetary policies implemented by the government to unify the exchange rate and eliminate the parallel market, which encouraged Egyptians abroad to channel their savings through legitimate channels and national banks. The figure achieved in 2025 ($41.5 billion) reflects a major success in attracting dollar liquidity, strengthening the financial soundness of the banking sector, supporting comprehensive economic development plans, and underscoring the enduring ties between Egyptians abroad and their homeland as a key pillar of the national economy in the face of global challenges.
