Egypt's central bank reports record 72.4-pct surge in expatriates' remittances over 12 months

CAIRO, May 12 (Xinhua) -- Remittances from Egyptian expatriates increased by 72.4 percent from March 2024 to February 2025, reaching approximately 32.6 billion U.S. dollars, the Central Bank of Egypt (CBE) said in a report on Monday.

The report attributed the "unprecedented" surge -- nearly 13.7 billion dollars in a 12-month period -- to the economic reform measures taken since March 2024.