Remittances from Egyptian expatriates see significant decline

Remittances from Egyptian expatriates during the first half of the current fiscal year declined significantly, Egyptian Finance Minister Mohamed Maait announced.

The value of Egyptian remittances during the first half of the fiscal year declined to US$12 billion, and is expected to reach $24 billion at the end of the fiscal year compared to $32 billion during the last fiscal year.

The Egyptian Parliament is trying to pressure the government due to the decline in remittances of Egyptian expatriates, which has raised concerns.