Economy and macroUpdated 5h ago

Reports link remittance recovery to exchange reforms and transfer channels

Forbes Middle East frames the rise as part of a sustained recovery after Egypt’s central bank exchange-rate reforms in March 2024. It says the move toward a more flexible exchange-rate regime encouraged Egyptians abroad to send more through formal banking channels. Expanded digital transfer services and banking products for expatriates also supported growth, the report says. Separately, Asharq Business with Bloomberg points to continued strong flows from Gulf countries.

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