Remittances from Egyptians working abroad rose to about $3 billion in May

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CAIRO (Reuters) – Egypt received about $3 billion in remittances from Egyptians living abroad in May, up 43% from $2.1 billion in April, the central bank said on Monday.

Egypt received $2.6 billion in remittances in May 2018, the statement said. Remittances are a key source of foreign currency for Egypt.

Reporting by Ehab Farouk, Writing by Nafisa Eltahir, Editing by Andrew Heavens

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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