Banking & Finance Remittances from Egyptian workers abroad at $2.4bn in May By Reuters August 1, 2022 Creative Commons The dollar index, which measures the US currency against six peers, was at 102.77, aiming to break through 103 for the first time in a week Remittances from Egyptian workers abroad at $2.4 bln in May Remittances from Egyptian workers abroad reached $2.4 billion in May, the central bank said on Sunday. Remittances, one of Egypt’s main sources of foreign currency, were at $2.6 billion in May 2021, the bank added. Egypt’s M2 money supply rose by 23.4 percent year-on-year in June, data from the central bank also showed. Money supply stood at 6.61 trillion Egyptian pounds ($349 billion), up from 5.35 trillion pounds in the same month last year.
