CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion by the end of June 2026. This figure surpassed the $55 billion mark for the first time, setting a new record. The Central Bank of Egypt announced the data on July 8. Reserves grew from $53.1342 billion at the end of May, marking a monthly rise of approximately $1.94 billion, or about 3.6%, representing the largest month-to-month increase 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 reached $52.7455 billion in February. March ended with $52.8306 billion, while April’s reserves were $53.0092 billion. By May, the total had grown to $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’s reserves rose by approximately $3.62 billion, or just over 7%. In January, the central bank stated that reserves covered roughly 6.3 months of imports. The June report did not specify an updated import coverage ratio nor did it detail the sources of the monthly reserve increases. The bank described the June figure as provisional and reported the amount in millions of US dollars.
Reserve Expansion Gains Momentum in June
According to separate data from the central bank, remittances totaled $39.2 billion from July 2025 through April 2026, representing a 33.2% increase from $29.4 billion in the same period the previous year. In April alone, remittances reached about $4.3 billion, with monthly inflows rising by 44% from roughly $3 billion in April 2025. The official reports did not explicitly link these remittance figures to the June increase in Egypt’s net international reserves.
During the January-March 2026 quarter, Egypt’s current account deficit was $5.1 billion, up from $2.3 billion in the same period a year earlier. Increased remittances, tourism revenue, and Suez Canal receipts helped offset part of a broader trade deficit. Net foreign direct investment inflows amounted to $3.7 billion, slightly below the $3.8 billion recorded a year earlier. These external account figures do not provide a detailed breakdown explaining the June reserve growth.
External Balances Support the Record Reserve Level
International Monetary Fund and Egyptian officials agreed on a staff-level deal regarding Egypt’s seventh program review on June 29, which also included the second review under the Resilience and Sustainability Facility. Fund 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 is the latest official monthly figure from Egypt’s financial authorities.
By the end of June, reserves had surpassed all previous monthly levels reported by the Central Bank of Egypt. The $55.0723 billion total was nearly $2 billion higher than May and more than $3.6 billion above the December 2025 figure. The data shows consistent monthly increases leading up to the June record, though the central bank has not provided an explanation for the rise, making the record reserve level the primary confirmed development from the announcement.