Egypt’s net international reserves increase to $52.745B in February

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Wed, 04 Mar 2026 - 01:13 GMT

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Wed, 04 Mar 2026 - 01:13 GMT

CAIRO - 4 March 2026: The Central Bank of Egypt has reported a slight increase in the country's foreign currency reserves, which reached $52.745 billion by the end of February, up from $52.594 billion in January 2026.

Egypt's foreign reserves include a diverse mix of major international currencies, such as the U.S. dollar, euro, British pound, Japanese yen, and Chinese yuan. The allocation of these reserves is based on the stability and exchange rates of these currencies, adjusted in line with a strategy developed by the Central Bank of Egypt's officials.

This increase in reserves is viewed as a positive sign for Egypt's economy, reinforcing international confidence and boosting the country's prospects for potential credit rating upgrades.

Additionally, the Executive Board of the International Monetary Fund (IMF) has concluded its combined fifth and sixth reviews of Egypt's economic reform program under the Extended Fund Facility (EFF), along with the first review under the Resilience and Sustainability Facility (RSF). This progress enables Egypt to access around $2.3 billion in financing, with approximately $2 billion available through the EFF and $273 million through the RSF.

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