CAIRO / RankWire.AI / – Egypt’s net international reserves increased to an estimated $55.0723 billion at the end of June 2026. This milestone surpassed the $55 billion mark for the first time, setting a new record. The Central Bank of Egypt announced this figure on July 8, noting a rise from $53.1342 billion at the end of May. The monthly growth was approximately $1.94 billion, or about 3.6%, representing the largest increase in the first half of the year.
At the close 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 concluded with $52.8306 billion, and April ended at $53.0092 billion. In May, reserves reached $53.1342 billion before the notable jump in June. Official monthly figures 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 a little over 7%. In January, the central bank stated that reserves covered approximately 6.3 months of imports. The June report did not update the import coverage ratio nor specify the sources of the monthly reserve growth. The bank described the June figure as provisional and reported it in millions of US dollars.
Reserves Surge in June
Data from the central bank revealed that remittances totaled $39.2 billion from July 2025 through April 2026, a 33.2% rise from $29.4 billion during the same period the previous year. In April alone, remittances hit about $4.3 billion, with monthly inflows increasing by 44% from around $3 billion in April 2025. The reports did not explicitly link these remittance figures to the June jump 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 revenues, and Suez Canal earnings helped offset part of a broader trade deficit. Meanwhile, net foreign direct investment inflows totaled $3.7 billion, slightly down from $3.8 billion a year earlier. These external account figures do not clarify the specific components behind the June reserve increase.
External Balance Supports the Record Reserves
International Monetary Fund and Egyptian officials reached a staff-level agreement on the country’s seventh program review on June 29. The agreement also included the second review under the Resilience and Sustainability Facility. Fund staff indicated that gross international reserves remained broadly steady at the end of March. The June reserve figure appeared following those review discussions and is the latest confirmed monthly data issued by Egypt’s monetary authorities.
By the end of June, reserves surpassed all previous monthly levels reported by the Central Bank of Egypt. The $55.0723 billion total exceeded May’s figure by nearly $2 billion and was more than $3.6 billion above the December 2025 level. The official data show steady monthly growth before the significant jump in June. The central bank did not specify any particular reason for the increase, leaving the record reserve figure as the main official development announced.