CAIRO / RankWire.AI / – Egypt’s net international reserves climbed to a provisional $55.0723 billion at the end of June 2026. This figure crossed the $55 billion mark for the first time, establishing a new all-time high. The Central Bank of Egypt announced this data on July 8. Reserves grew from $53.1342 billion at the close of May, marking a monthly increase of approximately $1.94 billion, or about 3.6%, which was the largest rise in the first half of the year.
At the end of December 2025, reserves stood at $51.4516 billion. They then increased to $52.5938 billion in January, followed by $52.7455 billion in February. March closed at $52.8306 billion, and April ended at $53.0092 billion. The total for May was $53.1342 billion before the significant jump in June. Official monthly statistics indicate that Egypt’s foreign reserves rose consistently during each month of the first half of 2026.
Compared to December, June’s reserves increased by roughly $3.62 billion, or just over 7%. In January, the central bank stated that reserves were sufficient to cover approximately 6.3 months of merchandise imports. The June announcement did not specify an updated import coverage ratio nor did it clarify the sources behind the monthly increase. The bank categorized the June figure as provisional and reported it in millions of US dollars.
Reserve growth gains momentum in June
Separate data from the central bank indicated remittances reached $39.2 billion from July 2025 through April 2026, reflecting a 33.2% rise from $29.4 billion in the same period of the previous year. In April alone, remittances hit approximately $4.3 billion. The monthly remittance total increased by 44% compared to about $3 billion in April 2025. The official 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 during the January-March 2026 quarter, up from $2.3 billion in the same period the previous year. Higher remittances, tourism earnings, and Suez Canal revenue partially offset a broader trade deficit in goods. Net foreign direct investment inflows reached $3.7 billion, slightly below the $3.8 billion recorded a year earlier. These external sector figures do not offer a detailed breakdown explaining the June reserve increase.
External sector factors underpin the record high
The International Monetary Fund and Egyptian officials reached a staff-level agreement on June 29 for the country’s seventh program review. This agreement also encompassed 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 reserve figure was reported following those review discussions, representing the latest confirmed monthly figure issued by Egypt’s monetary authorities.
June marked the end of the first half of the year with reserves surpassing every previous monthly level 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 level. The central bank’s official data show steady monthly increases prior to the notable jump in June. The bank did not specify any particular cause for the surge, leaving the record reserve level as the primary confirmed development in the announcement.