CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the close of June 2026. This figure surpassed the $55 billion mark for the first time and set a new record high. The Central Bank of Egypt announced the data on July 8. At the end of May, reserves stood at $53.1342 billion. The monthly rise was approximately $1.94 billion, or nearly 3.6%, making June the most significant month in the first half of the year.
Egypt started 2026 with net international reserves of $51.4516 billion as of December. The reserves increased to $52.5938 billion in January, then to $52.7455 billion in February, and $52.8306 billion in March. They 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 half of the year.
The total in June was roughly $3.62 billion higher than the December 2025 level. This represents an increase of slightly more than 7% during the first six months. In January, the Central Bank of Egypt indicated that reserves covered about 6.3 months of merchandise imports. The June report did not update this import coverage estimate nor did it detail the factors behind the monthly reserve growth.
June boost pushes reserves to new record
Egypt has also experienced substantial growth in remittance inflows during the current fiscal year. Remittances reached $39.2 billion from July 2025 through April 2026, compared to $29.4 billion during the same period the previous year. In April alone, inflows were about $4.3 billion, up from around $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 in the same quarter a year earlier. Increased remittances, tourism revenue, and Suez Canal income partially offset a larger merchandise trade deficit. Foreign direct investment net inflows during this period totaled $3.7 billion, slightly below the $3.8 billion recorded a year prior.
External indicators support reserve milestone
The International Monetary Fund reached a staff-level agreement with Egyptian authorities on June 29. The deal covered the seventh review of Egypt’s economic program and a separate sustainability facility review. The IMF stated that gross international reserves remained broadly stable at the end of March. The June reserve figure is a result of these review discussions and provides the latest official assessment of Egypt’s net international reserve position.
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. Data shows consistent gains from January through May, followed by a larger increase in June. The provisional month-end figure of $55.0723 billion marks a new record for Egypt’s foreign reserves.