CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the close of June 2026. This marks the first time reserves have surpassed the $55 billion mark, establishing a new all-time high. The Central Bank of Egypt announced this figure on July 8, noting a rise from $53.1342 billion at the end of May. The month-over-month increase was approximately $1.94 billion, or about 3.6%, representing the largest growth during the first half of the year.
At the end 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’s reserves reached $52.8306 billion, followed by $53.0092 billion in April. By May, the total had increased to $53.1342 billion prior to the notable jump in June. Official monthly statistics indicate that Egypt’s foreign reserves grew consecutively each month during the first half of 2026.
Compared to December, June’s reserves have risen by around $3.62 billion, or just above 7%. In January, the central bank reported that reserves covered roughly 6.3 months of merchandise imports. The June report did not specify an updated import coverage ratio nor did it detail the sources contributing to the monthly reserve increases. The bank described the June figure as provisional and reported it in millions of US dollars.
Reserve Accumulation Accelerates in June
Data from the central bank showed that remittances reached $39.2 billion from July 2025 through April 2026, representing a 33.2% increase from $29.4 billion during the same period a year earlier. In April alone, remittances neared $4.3 billion, with monthly totals jumping 44% from approximately $3 billion in April 2025. The official reports did not directly link these remittance figures to the June surge in Egypt’s net international reserves.
Egypt’s current account deficit was $5.1 billion in the January-March 2026 quarter, up from $2.3 billion during the same period last year. Increased remittances, tourism income, and Suez Canal revenues partially offset a broader trade deficit in goods. Foreign direct investment inflows totaled $3.7 billion, slightly below last year’s $3.8 billion. These external account components do not fully explain the June reserve growth.
External Factors Support the Record Reserve Level
On June 29, the International Monetary Fund and Egyptian officials reached a staff-level agreement on the country’s seventh program review, including 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 reserve figure was released after these discussions, representing the latest official monthly data provided by Egypt’s monetary authorities.
Reserves at the end of June surpassed all previous monthly levels reported by the Central Bank of Egypt. The $55.0723 billion total exceeded May’s by nearly $2 billion and was more than $3.6 billion above the December 2025 figure. The data show steady monthly increases prior to the significant jump in June. The central bank did not specify the reasons behind the reserve rise, leaving the record figure as the primary confirmed development in their announcement.