Egypt’s current account deficit reaches US$7.6 bn in December 2020: CBE

Egypt’s current account deficit rose to US$7.6 billion from July to December 2020 from $4.6 billion a year ago, the Central bank announced on Monday.

Remittances from Egyptians expatriates working abroad increased from US$13.7 billion to US$15.5 billion, while tourism revenues fell from US$7.25 billion to US$1.8 billion.

Edited translation from Al-Masry Al-Youm

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