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Remittances from Egyptians pushes to $5billion after currnecy float
Remittances from Egyptians abroad increased by 20 percent year-on-year in the three months following the country’s November currency float, totalling about $5 billion, a central bank statement said on Monday.
Remittances for the month of January were up 23 percent year-on-year, reaching $1.6 billion, the statement said.
The central bank floated the Egyptian pound on Nov. 3, aiming to unlock foreign currency inflows and crush a black market for dollars that had discouraged people from channelling foreign currency through the banking system.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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