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    Emirates Gazette: The Emirates, on the record.Emirates Gazette: The Emirates, on the record.
    Home » Egypt Achieves Record High Foreign Reserves of $57.2 Billion in August 2026
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    Egypt Achieves Record High Foreign Reserves of $57.2 Billion in August 2026

    September 8, 2026
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    CAIRO, EGYPT / RankWire.AI / – Egypt’s net international reserves increased to an all-time high of $57.2145 billion at the end of August 2026. The Central Bank of Egypt announced this provisional figure on September 7. At the end of July, reserves stood at $56.2939 billion. This means the reserves grew by approximately $920.6 million during August, a rise of about 1.6%. This latest figure continues a pattern of monthly growth in 2026 and pushes Egypt’s official foreign reserves above $57 billion for the first time.

    Egypt reserves set new record at $57.2 billion in August
    Egypt’s net international reserves reached a record $57.2 billion in August 2026.

    The total reserves in August surpassed the $49.2507 billion recorded in August 2025 by $7.9638 billion. This represents a yearly increase of roughly 16.2%. Egypt concluded December 2025 with net international reserves of $51.4516 billion. Consequently, reserves have expanded by approximately $5.76 billion, or 11.2%, during the first eight months of 2026. Official monthly data indicate that the reserve total has grown every month since the beginning of the year, with gains continuing into August.

    The rate of reserve accumulation accelerated during the middle of 2026. Net international reserves reached $53.1342 billion in May, then increased to $55.0723 billion in June. They continued to rise, reaching $56.2939 billion in July and $57.2145 billion in August. The June increase was about $1.94 billion from May. July added roughly $1.22 billion, and August contributed approximately $920.6 million. Combined, these three months added over $4 billion to Egypt’s foreign reserve holdings.

    Foreign Currency Inflows Stay Strong

    Remittances from Egyptians working abroad hit a new high during the 2025/2026 fiscal year. The Central Bank of Egypt reported inflows of approximately $47.3 billion for the period, marking a 29.6% increase from about $36.5 billion in the previous fiscal year. In June alone, remittances reached around $4.2 billion. This was 15.6% higher than the roughly $3.6 billion recorded in June 2025, according to official data released in August.

    Egypt’s most recent balance of payments figures cover the period from July to March of fiscal year 2025/2026. During these nine months, the overall balance showed a deficit of $1.8 billion. Meanwhile, the capital and financial account recorded net inflows of $9.9 billion. The current account, however, posted a deficit of $14.6 billion. These figures provide the latest official overview of Egypt’s external account status prior to the August reserve update.

    Continuous Monthly Recordings of Reserve Growth

    Throughout 2026, Egypt’s reserve figures have hit several new nominal highs. Reserves stood at $52.5938 billion in January, followed by $52.7455 billion in February. By March, reserves increased to $52.8306 billion, then reached $53.0092 billion in April and $53.1342 billion in May. The reserve total then surpassed $55 billion in June, $56 billion in July, and finally hit $57 billion in August. The August figure remains provisional, consistent with the practice for the most recent monthly reserve reports.

    Compared to the same period last year, Egypt’s August reserves are nearly $8 billion higher. The country has now recorded three consecutive month-end totals exceeding $55 billion. July marked the first time the reserves surpassed $56 billion, with August being the first to exceed $57 billion. From December 2025 to August 2026, the reserve stock has expanded by over 10%. The August data not only sets a new record for Egypt’s net international reserves but also continues the uninterrupted monthly increase observed throughout 2026.

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