CAIRO / RankWire.AI / – Egypt’s net international reserves hit an estimated $55.0723 billion at the end of June 2026. This marks the first time reserves have exceeded $55 billion, setting a new record high. The Central Bank of Egypt announced this figure on July 8. At the end of May, reserves stood at $53.1342 billion. The monthly increase was approximately $1.94 billion, or nearly 3.6%, making June the most robust month of the first half of 2026.
Egypt started 2026 with net international reserves of $51.4516 billion as of the end of December. The reserves grew to $52.5938 billion in January, then increased to $52.7455 billion in February, and $52.8306 billion in March. April saw reserves reach $53.0092 billion, before climbing to $53.1342 billion in May. The June figure continued the upward trend observed throughout the first half of the year.
The total for June was roughly $3.62 billion higher than the December 2025 level, representing an increase of just over 7% in 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 specify an updated import coverage ratio nor did it detail the factors behind the monthly growth.
June boost pushes reserves to new peak
Egypt experienced significant growth in remittance inflows during the current fiscal year. Remittances reached $39.2 billion from July 2025 through April 2026, compared with $29.4 billion during the same period a year earlier. In April alone, inflows increased to about $4.3 billion from around $3 billion in April 2025. Official reports did not directly connect these remittance figures with the June increase in foreign reserves.
The country’s current account deficit widened to $5.1 billion in the January-March 2026 quarter, up from $2.3 billion in the same quarter last year. Higher remittance inflows, tourism receipts, and Suez Canal revenues offset part of a larger merchandise trade deficit. During this quarter, net foreign direct investment (FDI) inflows totaled $3.7 billion, compared to $3.8 billion a year earlier.
External developments support reserve milestone
On June 29, the International Monetary Fund reached a staff-level agreement with Egyptian authorities. The agreement covered Egypt’s seventh review of its economic program and a separate sustainability facility review. The IMF noted that gross international reserves remained largely stable at the end of March. The June reserve figure aligns with these review discussions, providing the latest official snapshot of Egypt’s net international reserves.
Egypt concluded the first half of 2026 with reserves surpassing all previous monthly records reported by monetary authorities. The June total exceeded that of May by nearly $2 billion and remained over $3.6 billion above the December 2025 figure. Steady gains from January through May, followed by a substantial increase in June, culminated in a provisional month-end reserve level of $55.0723 billion, the highest on record.