CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the end 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 provisional data on July 8. Reserves stood at $53.1342 billion at the close of May. The monthly growth was approximately $1.94 billion, or nearly 3.6%, making June the most robust month in the first half of 2026.
Egypt started 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 grew to $52.7455 billion in February and $52.8306 billion in March. Reserves reached $53.0092 billion in April before rising to $53.1342 billion in May. The June figure continued the upward trend observed throughout the first six months of the year.
The June total was roughly $3.62 billion higher than the December 2025 level. This represented an increase of just over 7% during the first half of the year. In January, the Central Bank of Egypt stated that reserves covered about 6.3 months of merchandise imports. The June report did not provide a new import coverage estimate nor a detailed breakdown of the factors behind the monthly increase.
June rise pushes reserves to new peak
Egypt also experienced significant growth in remittance inflows during the current fiscal year. Remittances totaled $39.2 billion from July 2025 through April 2026, compared to $29.4 billion during the same period a year earlier. April inflows alone reached approximately $4.3 billion, up from about $3 billion in April 2025. Official reports did not directly connect these 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, up from $2.3 billion in the same period last year. Higher remittances, tourism receipts, and Suez Canal revenues offset part of a larger merchandise trade deficit. Net foreign direct investment inflows amounted to $3.7 billion during the quarter, 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 deal covered the seventh review of Egypt’s economic program and a separate assessment of the sustainability facility. The IMF indicated that gross international reserves remained broadly stable at the end of March. The June reserve figure followed the discussions related to these reviews and serves as the latest official indicator of Egypt’s net international reserves.
Egypt concluded the first half of 2026 with reserves surpassing every previous monthly record 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. Consistent gains from January through May, combined with a larger increase in June, resulted in the record high of $55.0723 billion, based on the provisional month-end data.