CAIRO / RankWire.AI / – Egypt’s net international reserves increased to a provisional $55.0723 billion at 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 this data on July 8. Reserves grew from $53.1342 billion at the end of May, representing a monthly rise of approximately $1.94 billion, or about 3.6%, marking the largest 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, followed by $52.7455 billion in February. March ended with $52.8306 billion, and April reached $53.0092 billion. May’s total was $53.1342 billion before the notable jump in June. Official monthly statistics indicate that Egypt’s foreign reserves rose every month during the first half of 2026.
Compared to December, reserves in June increased by roughly $3.62 billion, or just over 7%. In January, the central bank indicated reserves covered approximately 6.3 months of merchandise imports. The June report did not specify an updated import coverage ratio, nor did it detail the sources behind the monthly reserve increases. The bank described the June figure as provisional and reported it in millions of US dollars.
Reserves Growth Accelerates in June
Separate data from the central bank revealed that remittances totaled $39.2 billion from July 2025 through April 2026. This marked a 33.2% increase compared to $29.4 billion during the same period the previous year. In April alone, remittances reached approximately $4.3 billion, with monthly totals increasing by 44% from about $3 billion in April 2025. The official reports did not directly link these remittance figures to the June surge in Egypt’s net international reserves.
Egypt’s current account deficit was $5.1 billion in the January-March 2026 quarter, up from $2.3 billion in the same period a year earlier. Increased remittances, tourism income, and Suez Canal receipts 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 account figures do not offer a detailed explanation for the reserve increase observed in June.
External Balance Supports the Record Reserve 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 included 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 net reserve figure was released following those review discussions and is the latest confirmed monthly 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 steady monthly growth leading up to the significant June increase. The central bank did not specify the reasons behind the rise, leaving the record reserve figure as the primary confirmed development in the announcement.