CAIRO / RankWire.AI / – Egypt’s net international reserves reached a provisional total of $55.0723 billion at the close of June 2026. This marks the first time reserves have exceeded $55 billion and sets a new record high. The Central Bank of Egypt announced the figure on July 8. At the end of May, reserves stood at $53.1342 billion. The monthly rise was approximately $1.94 billion, or nearly 3.6%, making June the most robust month of the first half of 2026.
Egypt started 2026 with net international reserves of $51.4516 billion at the end of December. The reserves increased to $52.5938 billion in January, then to $52.7455 billion in February, and $52.8306 billion in March. In April, reserves reached $53.0092 billion before rising to $53.1342 billion in May. The June figure reflects continued growth observed throughout the first half of the year.
The total for June was roughly $3.62 billion higher than the December 2025 level, representing an increase of just over 7% during the initial six months. In January, the Central Bank of Egypt indicated that reserves could cover about 6.3 months of merchandise imports. The June report did not provide a new import coverage estimate nor detailed explanations for the monthly increase.
June boost pushes reserves to new high
Egypt has also experienced notable growth in remittance inflows during the current fiscal year. Remittances totaled $39.2 billion from July 2025 through April 2026, compared to $29.4 billion during the same period a year earlier. April inflows were about $4.3 billion, up from roughly $3 billion in April 2025. Official statements did not explicitly link these remittance figures to the June rise in foreign reserves.
The country’s current account deficit expanded to $5.1 billion in the January-March 2026 quarter, up from $2.3 billion in the same period a year prior. Increased remittances, tourism earnings, and Suez Canal revenues partially offset the larger merchandise trade deficit. During the quarter, net foreign direct investment inflows reached $3.7 billion, slightly below the $3.8 billion recorded a year earlier.
External indicators support reserve milestone
On June 29, the International Monetary Fund reached a staff-level agreement with Egyptian authorities. This agreement covered Egypt’s seventh review of its economic program and a separate sustainability facility review. The IMF noted that gross international reserves remained broadly stable at the end of March. The June reserve figure reflects the outcome of those review discussions and provides the latest official snapshot of Egypt’s net international reserve position.
Egypt concluded the first half of 2026 with reserves surpassing all previous monthly peaks reported by monetary authorities. The June total exceeded May’s figure by nearly $2 billion and remained more than $3.6 billion above the December 2025 level. Official data indicated consistent reserve growth from January through May, culminating in a larger increase in June. The provisional month-end reserve level now stands at $55.0723 billion.