ECONOMY

Remittances from Egyptian expats rise by 5.8 pct to $2.2 bln

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt. (File photo:Reuters)

Remittances from expatriate Egyptians rose by 5.8 percent year-on-year in November to around $2.2 billion from $2.1 billion, the central bank said on Thursday.

Remittances from Egyptians living abroad have increased since the country floated its pound currency in November 2016 as part of economic reforms tied to a $12 billion loan from the International Monetary Fund.
 

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Last Update: Thursday, 11 January 2018 KSA 18:55 - GMT 15:55
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