Thndr Claps » EGY Claps » Economy 🏙 » Egyptians transferred $31.9 billion into Egypt 💵
The ClapEgyptian expats have transferred around $31.9 billion into Egypt, also known as remittances, a 1.6% annual increase YoY and the biggest ever value of remittances in one year.The DeetsAnalysts stated that this number was predictable, and is forecasted to further rise to $33 billion in the coming year.Why this MattersRemittance increases foreign currency in a country, help finance imports, improve the balance of payments in its international accounts, and increase national income.
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