Egypt’s foreign reserves exceed $55B for first time

CAIRO – 8 July 2026: Egypt’s net foreign reserves rose to a historic high at the end of June, exceeding $55 billion for the first time, the Central Bank of Egypt announced on Wednesday.

According to the CBE’s latest figures, foreign reserves reached $55.072 billion by the end of June 2026, up from $53.134 billion at the end of May. This reflects an increase of $1.938 billion, or nearly 3.6 percent.

Egypt’s foreign reserves are held in a basket of major international currencies, including the US dollar, the euro, the British pound, the Japanese yen, and the Chinese yuan. The composition of these holdings varies based on exchange rate movements, currency stability in global markets, and the Central Bank’s reserve management strategy.

International reserves are a key measure of macroeconomic stability. They help support Egypt’s ability to meet external obligations, secure strategic commodity imports, stabilize the foreign exchange market, and strengthen investor confidence.

The Central Bank continues to maintain strong reserve levels as part of its efforts to reinforce Egypt’s external position and support monetary and financial stability.