CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the close of June 2026. This amount has exceeded the $55 billion mark for the first time, setting a new record. The Central Bank of Egypt announced the figure on July 8. At the end of May, reserves stood at $53.1342 billion. The monthly growth was approximately $1.94 billion, or nearly 3.6%, making June the strongest month of the first half of 2026.
Egypt began 2026 with net international reserves of $51.4516 billion as of the end of December. The reserves increased to $52.5938 billion in January, then rose to $52.7455 billion in February and $52.8306 billion in March. By April, they had reached $53.0092 billion, before further climbing to $53.1342 billion in May. The June figure continued the upward trend observed throughout the first six months of the year.
The total for June was approximately $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 that reserves covered about 6.3 months of merchandise imports. The June report did not provide a new estimate for import coverage, nor did it detail the specific factors behind the monthly reserve increase.
June surge pushes reserves to new peak
Egypt also experienced significant growth in remittance inflows during the current fiscal year. Remittances totaled $39.2 billion from July 2025 through April 2026, compared with $29.4 billion during the same period last year. In April alone, inflows rose to about $4.3 billion from roughly $3 billion in April 2025. Official statements did not explicitly connect these remittance figures to the June increase in foreign reserves.
The country’s current account deficit expanded to $5.1 billion in the January to March 2026 quarter, up from $2.3 billion during the same period a year earlier. Higher remittances, tourism income, and Suez Canal revenues offset part of a larger merchandise trade deficit. Additionally, net foreign direct investment inflows amounted to $3.7 billion for the quarter, slightly below the $3.8 billion recorded a year earlier.
External indicators support reserve milestone
On June 29, the International Monetary Fund reached a staff-level agreement with Egyptian authorities. The accord covered 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 reflects those discussions and provides the latest official snapshot of Egypt’s net international reserves.
Egypt concluded the first half of 2026 with reserves surpassing all previous monthly highs reported by monetary authorities. The June total was nearly $2 billion higher than May’s figure and over $3.6 billion above December 2025. Data showed consistent growth from January through May, with a larger increase in June. The provisional end-of-month reserve level now stands at $55.0723 billion.