Tuesday 1 February 2011

FT Alphaville » Remittances to Egypt

Another Tilt of the hat to our blogging brethren for the heads up about a primer on Egypt out Monday from Capital Economics.

We were struck by this chart showing the components of Egypt’s current account (im)balance. Click to expand:

The World Bank’s People Move blog puts Egypt in the top ten of remittance receivers worldwide. After oil and tourism they are Egypt’s third largest source of income, says its foreign ministry, via Bikyamasr.

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