Egypt’s net foreign reserves reached a historic high at the end of June 2026, officially surpassing the $55 billion mark for the first time.
This milestone was confirmed by the Central Bank of Egypt (CBE), with official data indicating that reserves climbed to approximately $55.07 billion, up from $53.13 billion at the end of May.
The significant increase of nearly $1.94 billion in a single month—representing a growth of approximately 3.6%—was highlighted by Prime Minister Dr. Mostafa Madbouly during a recent government press conference.
Prime Minister Madbouly noted that this surge reflects the ongoing improvement of Egypt’s economic indicators and demonstrates the state’s strengthened capacity to bolster its foreign currency reserves while ensuring long-term financial stability.
According to the Central Bank, these reserves are held in a diversified basket of major international currencies, including the US dollar, euro, British pound, Japanese yen, and Chinese yuan.
The management of these holdings is strategically aligned with global market conditions and exchange rate movements.
Ultimately, maintaining such robust reserve levels is a critical component of Egypt’s macroeconomic strategy, designed to meet external obligations, secure the import of strategic commodities, and reinforce investor confidence in the national economy.
