CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the end of June 2026. This figure exceeded $55 billion for the first time and set a new record high. The Central Bank of Egypt announced the provisional data on July 8. Reserves stood at $53.1342 billion at the close of May. The monthly increase was approximately $1.94 billion, or nearly 3.6%, making June the most robust month in the first half of the year.
Egypt started 2026 with net international reserves of $51.4516 billion at the end of December. This total grew to $52.5938 billion in January. It then increased to $52.7455 billion in February and $52.8306 billion in March. Reserves reached $53.0092 billion in April before rising further to $53.1342 billion in May. The June figure continued the upward trend observed throughout the first six months of the year.
The June total was roughly $3.62 billion higher than the December 2025 level, representing a growth of just over 7% in the first half of the year. In January, the Central Bank of Egypt stated reserves covered about 6.3 months of merchandise imports. The June report did not provide a new estimate of import coverage nor detailed factors behind the monthly reserve increase.
June boost pushes reserves to new record
Egypt also experienced significant growth in remittance inflows during this fiscal year. Remittance receipts reached $39.2 billion from July 2025 through April 2026, compared to $29.4 billion during the same period a year earlier. April inflows were about $4.3 billion, up from roughly $3 billion in April 2025. Official reports did not directly link these remittance figures to the June increase in foreign reserves.
The country’s current account deficit expanded to $5.1 billion in the January-March 2026 quarter, up from $2.3 billion in the same period a year earlier. Higher remittances, tourism income, and Suez Canal revenues offset part of a larger merchandise trade deficit. Net foreign direct investment inflows totaled $3.7 billion for the quarter, slightly below the $3.8 billion recorded a year earlier.
External indicators support reserve milestone
The International Monetary Fund reached a staff-level agreement with Egyptian authorities on June 29. This agreement involved the seventh review of Egypt’s economic program and a separate sustainability facility assessment. The IMF noted that gross international reserves remained broadly stable at the end of March. The June reserve figure follows these discussions and provides the latest official measure of Egypt’s net international reserves.
Egypt concluded the first half of 2026 with reserves surpassing all previous monthly levels reported by monetary authorities. The June total was nearly $2 billion higher than May’s figure and over $3.6 billion above the December 2025 level. Official data showed consistent growth from January through May, with a larger jump observed in June. The provisional end-of-month figure now stands at $55.0723 billion, marking a historic high.