CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the end of June 2026. This marks the first time reserves have surpassed $55 billion, setting a new record. The Central Bank of Egypt announced this figure on July 8. Reserves grew from $53.1342 billion at the close of May, representing a monthly increase of approximately $1.94 billion, or about 3.6%, the largest during the first half of the year.
At the end of December 2025, reserves stood at $51.4516 billion. They then increased to $52.5938 billion in January and $52.7455 billion in February. March’s reserves totaled $52.8306 billion, with April closing at $53.0092 billion. By May, the figure reached $53.1342 billion before the notable jump in June. Official monthly data indicate that Egypt’s foreign reserves rose consistently during each month of the first half of 2026.
Compared to December, June reserves increased by approximately $3.62 billion, or just over 7%. In January, the central bank stated that reserves could cover about 6.3 months of merchandise imports. The June report did not specify an updated import coverage ratio nor reveal the sources behind the monthly gains. The bank described the June figure as provisional and reported it in millions of US dollars.
Reserves Growth Gains Momentum in June
Data from the central bank indicated remittances reached $39.2 billion from July 2025 through April 2026. This represents a 33.2% increase from $29.4 billion during the same period the previous year. In April alone, remittances totaled around $4.3 billion, with monthly inflows rising 44% from approximately $3 billion in April 2025. The reports did not directly link these remittance figures to the June increase in Egypt’s net international reserves.
Egypt’s current account deficit for the January-March 2026 quarter was $5.1 billion, up from $2.3 billion during the same period a year earlier. Increased remittances, tourism revenues, and Suez Canal receipts partially offset a broader merchandise trade deficit. Net foreign direct investment inflows amounted to $3.7 billion, slightly down from $3.8 billion a year prior. These external account figures do not specify the components responsible for the reserve increase observed in June.
External Sector Dynamics Underpin the Record Reserves
International Monetary Fund and Egyptian officials reached a staff-level agreement on the country’s seventh program review on June 29. The agreement also encompassed the second review under the Resilience and Sustainability Facility. IMF staff noted that gross international reserves remained broadly steady at the end of March. The June net reserve figure was published following these review discussions and represents the latest official data issued by Egypt’s monetary authorities.
Reserves at the end of June surpassed all previous monthly levels reported by the Central Bank of Egypt, ending the first half of the year with a total of $55.0723 billion—nearly $2 billion above May’s figure and over $3.6 billion higher than December 2025. The data shows consistent monthly increases prior to the larger June jump. The central bank did not specify the reasons for this growth, making the record reserve figure the primary confirmed outcome of the announcement.