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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