On a monthly basis, remittances increased by 44% in April 2026, recording around $4.3 billion, compared to approximately $3 billion in April 2025.
The activation process must be completed by the end of June 2026.
The bank clarified that the EGP 200 note remains the highest paper currency denomination currently circulating in Egypt.
The central bank also kept the main operation and discount rates unchanged at 19.5%, citing recent inflation developments and forecasts amid an uncertain global environment.
Abdalla noted that Egypt is one of the founding members of the bank, hosts its headquarters, and ranks among its largest shareholders through the Central Bank of Egypt.
