Egypt: Remittances By Nationals Living Abroad Grows By 15.4%

Remittances sent to Egypt by nationals abroad grew by 15.4 percent to $1.6b in December 2016 compared to the same month of the previous year. Egypt's central bank says around 72 percent of total remittances received in the last quarter of 2016 were sent by Egyptian expats following the November decision to float the Egyptian pound.