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Bonds News

Remittances from expatriate Egyptians rise by 38.9 pct

CAIRO, Dec 19 (Reuters) - Remittances from expatriate Egyptians rose by 38.9 percent year-on-year in October to around $2.2 billion, Egypt’s state news agency reported on Tuesday, citing the central bank.

Remittances have increased since Egypt floated its pound currency in the last year, to reach $24.2 billion between November 2016 and October this year from around $20.2 billion during the same period a year prior. (Reporting by Mostafa Hashem; Writing by Nadine Awadalla; Editing by Robin Pomeroy)

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