CAIRO, EGYPT / RankWire.AI / – At the close of August 2026, Egypt’s international reserves hit a historic high of $57.2145 billion. The Central Bank of Egypt announced this provisional figure on September 7. Reserves had been $56.2939 billion at the end of July, marking an increase of approximately $920.6 million or 1.6% for the month. This marks the first instance where Egypt’s official reserve holdings surpass the $57 billion mark.
This August figure also continues a consistent upward trend observed throughout 2026. Reserves started the year at $52.5938 billion in January and climbed steadily to $52.7455 billion in February, then to $52.8306 billion in March. By April, reserves reached $53.0092 billion, followed by $53.1342 billion in May. The August total signifies an increase of approximately $4.62 billion since January and about $5.76 billion from the end of December 2025.
Reserves growth gained momentum mid-year, with figures rising from $53.1342 billion in May to $55.0723 billion in June. July saw another increase to $56.2939 billion, culminating in the historic August high. These three months contributed over $4 billion to the reserves. Compared to August 2025, the latest reserve total is about $7.96 billion higher, representing an annual growth rate of approximately 16.2%.
Remittance inflows contribute significantly to foreign currency reserves
Remittances from Egyptians working abroad also hit a record high during the 2025/2026 fiscal year, reaching about $47.3 billion, according to the Central Bank of Egypt. This is a notable rise from roughly $36.5 billion in the previous fiscal year, indicating an increase of 29.6%. In June alone, remittances reached roughly $4.2 billion, which was 15.6% higher than the approximately $3.6 billion recorded in June 2025.
Egypt’s latest balance of payments data covers the first nine months of the fiscal year 2025/2026. During the period from July to March, the overall balance posted a deficit of $1.8 billion, while the capital and financial account registered net inflows of $9.9 billion. The current account showed a deficit of $14.6 billion. These figures offer the most recent official snapshot of Egypt’s external accounts prior to the August reserve update.
Monthly reserve records continue to climb in 2026
Throughout 2026, Egypt’s reserve figures have consistently reached new nominal highs. Holdings crossed the $55 billion mark in June, then surpassed $56 billion in July. August’s figure of over $57 billion was the first to do so. The country now reports three consecutive month-end reserve totals above $55 billion. Additionally, the August reserve level exceeds the December 2025 figure of $51.4516 billion by more than 10%, emphasizing ongoing growth.
The latest data position Egypt’s net international reserves at their highest ever recorded level, continuing an unbroken upward trend since the beginning of 2026. From January to August, every monthly reserve figure was higher than the previous month. While the August data remains provisional according to the central bank’s reporting standards, it clearly indicates a steady rise in Egypt’s reserves throughout the first eight months of the year.