The Impact of Workers` remittances on Exchang rate and economic growth in Egypt in Light of regional and international Changes

The huge flows of remittances are among remarkable features of Egyptian economy since sixties, where workers’ remittances are among the most important sources of foreign currency, which is characterized by increasing and relative stability, that reflected in the exchange and growth rates of the Egyptian economy, especially In light of the changes that the Egyptian economy is currently witnessing in internal policies of economic reform, and an attempt to increase dependence on the local economy instead of the global economy, or international changes from the effects of the Corona virus and the global recession that followed, a decline in global growth rates, or an increase in Global prices of oil as consequences of Russia’s war, and the consequent rise in local and global inflation rates, these changes must be reflected on growth rates and local exchange rates, so this study attempts to shed light on developments in workers’ remittances to Egypt, and their potential effects on Growth and exchange rates in Egypt, using the ARDL method, and that after identifying the relative importance of these remittances among the most important economicvariables, and that During the period 1977- 2021, as the study concluded that there is a long-term co-integration relationship between output and remittances, where the increase in remittances leads to long-term growth, through its impact on increasing consumption, while there is no effect of growth on the volume of remittances. In terms of the relationship between the exchange rate and remittances, the study concluded that there is a long-term causal relationship between them that goes from the exchange rate to remittances, where the improvement in the exchange rate stimulates an increase in remittances.