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Egyptians abroad transfers decline to $400 million: CBE
Yara Sameh Published in Albawaba on 03 - 01 - 2016

Egypt's Central Bank of Egypt (CBE) report revealed Sunday that the transfers Egyptians living abroad declined to $400 million, during the period of July to September of the current fiscal year 2015/2016, Al-Bawaba News reported.
The decline amounts to $4.3 billion compared to $4.7 billion from the same period of the previous fiscal year.
Governor of the CBE, Tarek Amer, has stated in previous statements that there is a plan to create a banking products in US dollars and other currencies to investors and Egyptians working abroad during the coming period to increase currency resources of foreign exchange reserves, pointing out that the total transfers during the last fiscal year amounts to $19 billion.

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