CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the close of June 2026. This milestone marked the first time reserves surpassed $55 billion, setting a new record. The Central Bank of Egypt disclosed this figure on July 8, with reserves rising from $53.1342 billion at the end of May. The monthly increase was approximately $1.94 billion, or about 3.6%, representing the largest gain during the first half of the year.
At the end of December 2025, reserves stood at $51.4516 billion. They then grew to $52.5938 billion in January and $52.7455 billion in February. March’s end-of-month total was $52.8306 billion, followed by $53.0092 billion in April. May’s reserves reached $53.1342 billion before the notable jump in June. Official monthly data indicate that Egypt’s foreign reserves increased each month during the first half of 2026.
Compared to December, June reserves grew by roughly $3.62 billion, representing an increase of just over 7%. In January, the central bank stated that reserves covered about 6.3 months of merchandise imports. The June release did not specify an updated import coverage ratio, nor did it detail the sources contributing to the monthly reserve increases. The bank characterized the June figure as provisional and reported it in millions of US dollars.
Reserves Grow More Rapidly in June
Data from the central bank indicated that remittance inflows reached $39.2 billion from July 2025 through April 2026, a 33.2% rise from $29.4 billion over the same period the previous year. In April alone, remittances hit approximately $4.3 billion, with monthly totals increasing by 44% from about $3 billion in April 2025. The official reports did not explicitly link these remittance figures to the June jump in Egypt’s net international reserves.
Egypt’s current account deficit for the January-March 2026 quarter was $5.1 billion, compared to $2.3 billion during the same period the year before. Higher remittances, tourism income, and Suez Canal revenues partially offset a broader trade deficit in goods. Net foreign direct investment inflows amounted to $3.7 billion, down slightly from $3.8 billion in the previous year. These external account figures do not specify the components behind the June reserve increase.
External Balances Support the Record Level
On June 29, the International Monetary Fund and Egyptian officials reached a staff-level agreement on the country’s seventh program review. The deal also encompassed 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 following these review discussions and reflects the most recent 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. The $55.0723 billion total exceeded May’s reserves by nearly $2 billion and was more than $3.6 billion higher than the December 2025 figure. The data shows a pattern of steady monthly reserve increases leading up to the June peak. The central bank did not specify the reasons behind this growth, making the record reserve level the primary announced development.