Egypt's net foreign assets record $29.54 B in January 2026

CAIRO - 3 March 2026: Egypt's net foreign assets surged by $4.02 billion in January 2026, reaching a record high of $29.54 billion, according to data from the Central Bank of Egypt.

This increase was primarily driven by Gulf investments, the 2024 currency devaluation, and strong remittances, which continued to boost dollar inflows into the country.

Remittances from Egyptians working abroad hit an all-time high of $4.0 billion in December, bringing the total for 2025 to $41.5 billion, up from $29.6 billion in 2024. Data for January 2026 remittances is yet to be released.

Foreign assets held by commercial banks increased by approximately $1.67 billion, while assets held by the central bank remained nearly unchanged. Additionally, net foreign liabilities decreased for both commercial banks and the central bank.

Egypt's net foreign assets, which include holdings by both the central bank and commercial banks, turned negative in February 2022 when the central bank intervened to stabilize the currency against the dollar.