CAIRO / RankWire.AI / – Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and marked a record high. The Central Bank of Egypt announced the figure on July 8. Reserves stood at $53.1342 billion at the end of May. The monthly increase reached about $1.94 billion, or nearly 3.6%, making June the strongest month of the first half.
Egypt began 2026 with net international reserves of $51.4516 billion at the end of December. The total increased to $52.5938 billion in January. It then rose to $52.7455 billion in February and $52.8306 billion in March. Reserves reached $53.0092 billion in April before advancing to $53.1342 billion in May. The June result extended the monthly growth recorded throughout the first six months of the year.
The June total stood about $3.62 billion above the December 2025 level. That represented growth of slightly more than 7% during the first half. In January, the Central Bank of Egypt said reserves covered about 6.3 months of merchandise imports. The June statement did not include a new import coverage estimate. It also did not provide a detailed breakdown of the factors behind the monthly increase.
June increase lifts reserves to record
Egypt also recorded strong growth in remittances during the current financial year. Remittance inflows reached $39.2 billion from July 2025 through April 2026. That compared with $29.4 billion during the same period a year earlier. April inflows rose to about $4.3 billion from roughly $3 billion in April 2025. Official releases did not directly link those remittance figures to the June increase in foreign reserves.
The country’s current account deficit widened to $5.1 billion in the January to March 2026 quarter. It had reached $2.3 billion during the same quarter one year earlier. Higher remittances, tourism receipts and Suez Canal revenue offset part of a larger merchandise trade deficit. Net foreign direct investment inflows totaled $3.7 billion during the quarter. The comparable figure stood at $3.8 billion a year earlier.
External data accompany reserve milestone
The International Monetary Fund reached a staff-level agreement with Egyptian authorities on June 29. The agreement covered the seventh review of Egypt’s economic program and a separate sustainability facility review. The IMF said gross international reserves remained broadly stable at the end of March. The June reserve figure followed those review discussions. It provided the latest official measure of the country’s net international reserve position.
Egypt closed the first half with reserves above every previous monthly level reported by monetary authorities. The June total exceeded May’s figure by nearly $2 billion. It also remained more than $3.6 billion above the December 2025 reading. Official data showed steady gains from January through May, followed by a larger increase in June. The record level now stands at $55.0723 billion, based on the provisional month-end figure.