CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the end of June 2026. Surpassing the $55 billion mark for the first time, this figure sets a new record. The Central Bank of Egypt announced the data on July 8. Reserves grew from $53.1342 billion at the close of May, marking a monthly rise of approximately $1.94 billion, or around 3.6%, making it the largest monthly jump in the first half of the year.
At the end of December 2025, reserves stood at $51.4516 billion. They then increased to $52.5938 billion in January and further to $52.7455 billion in February. March closed at $52.8306 billion, April at $53.0092 billion, and May at $53.1342 billion before the notable June rise. Official monthly reports indicate that Egypt’s foreign reserves grew each month during the first half of 2026.
Compared to December, June reserves increased by roughly $3.62 billion, or just over 7%. In January, the central bank noted that reserves covered about 6.3 months of merchandise imports. The June report did not specify the updated import coverage ratio and did not clarify the sources behind the monthly reserve growth. The bank described the June figure as provisional and reported it in millions of US dollars.
Reserves Grow at Faster Pace in June
Data from the central bank showed remittances reaching $39.2 billion from July 2025 through April 2026, representing a 33.2% rise from $29.4 billion in the same period the previous year. Remittances in April alone amounted to about $4.3 billion, with the monthly total increasing by 44% from approximately $3 billion in April 2025. Although these figures were published, they were not directly linked to the June surge in Egypt’s net international reserves.
Egypt’s current account deficit was $5.1 billion in the January-March 2026 quarter, compared to $2.3 billion in the same period a year earlier. Increased remittances, tourism income, and Suez Canal revenues helped offset part of the broader merchandise trade deficit. Foreign direct investment inflows totaled $3.7 billion, slightly down from $3.8 billion a year earlier. These external balance figures do not provide a detailed explanation for the reserve increase observed in June.
External Sector Dynamics Support Record Reserves
On June 29, the International Monetary Fund and Egyptian authorities reached a staff-level agreement on the country’s seventh program review. The agreement also covered the second review under the Resilience and Sustainability Facility. IMF staff indicated that gross international reserves remained broadly stable at the end of March. The reserve figure for June emerged after those review discussions, representing the latest confirmed monthly data issued by Egypt’s monetary authority.
June’s reserve total surpassed all previous monthly levels reported by the Central Bank of Egypt, closing the first half of 2026 on a high note. The $55.0723 billion total exceeded May’s reserves by nearly $2 billion and was more than $3.6 billion above the December 2025 figure. The data show steady monthly increases leading up to the June jump. The central bank did not specify the reasons behind the reserve growth, making the record figure the primary confirmed development in the announcement.