CAIRO Feb 6 Remittances from expatriate
Egyptians rose 15.4 percent to $1.6 billion in December 2016
from $1.4 billion in December 2015, the central bank said on
The December figure brought total remittances in the fourth
quarter of the 2016 calendar year to $4.6 billion, an 11.8
percent increase from the $4.1 billion transferred back during
the same period in 2015, the bank said in a statement.
The central bank floated the Egyptian pound on Nov. 3.
Around 72 percent, $3.3 billion, of fourth quarter remittances
came after the float, the bank added.
(Reporting by Ahmed Aboulenein; Editing by Lin Noueihed)