Egypt's Foreign Reserves Surpass USD 55 Billion for the First Time
The reserves increased by nearly USD 1.94 billion during June, marking a new record for the country's foreign currency holdings.
Egypt's net foreign reserves climbed to a record USD 55.072 billion at the end of June 2026, surpassing the USD 55 billion mark for the first time, according to the Central Bank of Egypt.
The total was up from USD 53.134 billion at the end of May, representing an increase of USD 1.938 billion, or nearly 3.6% over the month.
According to the Central Bank of Egypt, the country's reserves are held in a diversified basket of major international currencies, including the US dollar, euro, British pound, Japanese yen and Chinese yuan. The composition of the reserves is adjusted over time in line with exchange rate movements, global market conditions and the bank's reserve management strategy.
The central bank said international reserves help meet Egypt's external obligations, finance strategic commodity imports, support stability in the foreign exchange market and strengthen investor confidence. It added that reserve levels are managed in line with its mandate to maintain monetary and financial stability.
