Remittances from Egyptians living abroad rose sharply during the first ten months of fiscal year 2025/2026, strengthening their role as one of Egypt’s most important sources of foreign currency. According to the Central Bank of Egypt, diaspora transfers reached US$39.2 billion between July 2025 and April 2026, marking a 33.2% increase compared with the same period of the previous fiscal year.
The rise reflects continued growth in money transfers from Egypt’s large expatriate community, which is estimated at around 14 million people worldwide. In April 2026 alone, remittances reached about US$4.3 billion, compared with US$3 billion in April 2025, setting a new monthly record.
The latest figures build on strong growth recorded in 2025, when remittances reached a record US$41.5 billion, up 40.5% from 2024. This performance has made transfers from Egyptians abroad the country’s second-largest source of foreign currency after exports of goods and services.
Remittances play a major role in supporting Egypt’s foreign exchange market, strengthening the balance of payments, and helping households manage living costs through higher spending and consumption. These inflows have become especially important as Egypt works to stabilize its economy during a period of regional uncertainty and pressure on foreign currency resources.
The sharp increase in diaspora transfers highlights the continued importance of Egyptians abroad in supporting national economic resilience. As remittances continue to grow, they are expected to remain a key pillar of Egypt’s financial stability and foreign currency inflows.
