CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the end of June 2026. This marks the first time the reserves have surpassed $55 billion, establishing 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 rise of approximately $1.94 billion, or about 3.6%, the largest increase recorded 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’s reserves reached $52.8306 billion, followed by $53.0092 billion in April. By May, the total was $53.1342 billion before the notable jump in June. Official monthly data indicate that Egypt’s foreign reserves increased steadily each month during the first half of 2026.
Compared to December, June’s reserves increased by roughly $3.62 billion, or slightly over 7%. In January, the central bank stated that reserves covered approximately 6.3 months of imports. The June report did not specify an updated import coverage ratio nor did it reveal the sources behind the monthly growth. The bank described the June reserve figure as provisional and reported it in US dollar millions.
Reserve Growth Gains Momentum in June
Data from the central bank showed remittances reaching $39.2 billion from July 2025 through April 2026, representing a 33.2% increase from $29.4 billion in the same period a year earlier. In April alone, remittances totaled about $4.3 billion, with monthly inflows rising by 44% from around $3 billion in April 2025. The official reports did not explicitly link these remittance figures to the increase in Egypt’s net international reserves observed in June.
Egypt’s current account deficit for the January-March 2026 quarter was $5.1 billion, up from $2.3 billion during the same period in the previous year. Higher remittances, tourism earnings, and Suez Canal revenues partially offset the wider merchandise trade deficit. Net foreign direct investment inflows amounted to $3.7 billion, slightly lower than the $3.8 billion recorded a year earlier. These external sector indicators do not provide a detailed explanation for the reserve increase in June.
External Sector Dynamics Support Record Reserves
The International Monetary Fund and Egyptian officials reached a staff-level agreement on June 29 for 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 as of the end of March. The June net reserve figure was released following these review discussions and reflects the latest official data issued by Egypt’s monetary authorities.
As June concluded the first half of the year, reserves surpassed all previous monthly levels reported by the Central Bank of Egypt. The $55.0723 billion total surpassed May’s reserves by nearly $2 billion and was more than $3.6 billion above December 2025’s level. The data shows consistent monthly gains leading up to the June surge. The central bank did not specify reasons for the increase, making the record reserve figure the primary confirmed development announced by the authorities.