CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the end of June 2026. For the first time, the total 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 end of May, reflecting a monthly increase of approximately $1.94 billion, or about 3.6%, marking the largest gain in the first half of the year.
At the close 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 concluded with $52.8306 billion, followed by April at $53.0092 billion. In May, the total reached $53.1342 billion before the notable June rise. Official monthly data indicate that Egypt’s foreign reserves increased every month during the first half of 2026.
Compared to December, June reserves rose by roughly $3.62 billion, or just over 7%. In January, the central bank stated that reserves covered 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 increases. The bank described the June figure as provisional, reporting it in millions of US dollars.
Reserve Growth Gains Momentum in June
Data from the central bank indicated remittances totaled $39.2 billion from July 2025 through April 2026, representing a 33.2% rise from $29.4 billion in the same period last year. In April alone, remittances reached approximately $4.3 billion, with monthly totals jumping 44% from about $3 billion in April 2025. The reports did not directly link these remittance figures to the June boost in Egypt’s net international reserves.
Egypt’s current account deficit was $5.1 billion in the January-March 2026 quarter, up from $2.3 billion during the same period a year earlier. Higher remittances, tourism income, and Suez Canal revenues partially offset a broader merchandise trade deficit. Net foreign direct investment inflows amounted to $3.7 billion, slightly below $3.8 billion a year earlier. These external account figures do not break down the specific components behind the June reserve increase.
External Sector Dynamics Underpin the Record Level
On June 29, the International Monetary Fund and Egyptian authorities reached a staff-level agreement on the country’s seventh program review. This also included the second review under the Resilience and Sustainability Facility. IMF staff noted that gross international reserves remained broadly stable at the end of March. The June reserve figure was released after these review discussions and reflects the latest confirmed monthly data from Egypt’s monetary authorities.
Reserves at the end of June surpassed all previous monthly levels reported by the Central Bank of Egypt. The $55.0723 billion total exceeded May’s figure by nearly $2 billion and was more than $3.6 billion higher than the December 2025 level. The monthly gains leading up to June showed a steady upward trend, but the central bank did not specify the reasons behind the reserve increase, leaving the record figure as the primary confirmed development.