January 11, 2018 / 3:38 PM / 10 months ago

Remittances from Egyptian expats rise by 5.8 pct y/y in Nov -c.bank

CAIRO, Jan 11 (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. (Reporting by Ehab Farouk; Writing by Arwa Gaballa)

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