CAIRO / RankWire.AI / – Egypt’s net international reserves increased to a provisional $55.0723 billion at the end of June 2026. This milestone surpasses the $55 billion mark for the first time, setting a new record. The Central Bank of Egypt announced this figure on July 8, noting an increase from $53.1342 billion at the end of May. The monthly rise was approximately $1.94 billion, or about 3.6%, marking the largest gain in the first half of the year.
At the close of December 2025, reserves stood at $51.4516 billion. They then grew to $52.5938 billion in January and further to $52.7455 billion in February. March ended with $52.8306 billion, while April’s total was $53.0092 billion. May’s reserves reached $53.1342 billion before the significant June increase. Official monthly data indicate that Egypt’s foreign reserves increased every month during the first half of 2026.
Compared to December, June reserves grew by roughly $3.62 billion, or just over 7%. In January, the central bank stated that reserves covered approximately 6.3 months of merchandise imports. The June report did not update this import coverage ratio nor did it specify the sources behind the monthly gains. The bank described the June figure as provisional and presented it in millions of US dollars.
Reserve growth accelerates in June
Data from the central bank revealed remittance inflows amounted to $39.2 billion from July 2025 through April 2026. This represents a 33.2% increase from $29.4 billion during the same period the previous year. In April alone, remittances reached about $4.3 billion. The monthly total increased by 44% from approximately $3 billion in April 2025. The reports did not explicitly link these remittance figures to the June boost in Egypt’s net international reserves.
Egypt’s current account deficit was $5.1 billion in the January-March 2026 quarter, compared to $2.3 billion in the same period a year earlier. Higher remittances, tourism revenue, and Suez Canal receipts partially offset a broader merchandise trade deficit. Net foreign direct investment inflows totaled $3.7 billion, slightly down from $3.8 billion a year earlier. These external account figures do not detail the specific components behind the June reserve increase.
External sector influences underpin the record reserves
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 as of the end of March. The June net reserve figure was reported following these review discussions and represents the latest official monthly figure 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 total of $55.0723 billion exceeded May’s figure by nearly $2 billion and was more than $3.6 billion above the December 2025 level. The data shows steady monthly increases leading up to June’s record, though the central bank did not specify the reasons for this surge, making the record reserve figure the primary confirmed outcome of the announcement.