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, setting a new record. The Central Bank of Egypt announced this data on July 8. At the end of May, reserves were reported at $53.1342 billion. The monthly rise was approximately $1.94 billion, or nearly 3.6%, making June the strongest month in the first half of the year.
Egypt started 2026 with net international reserves of $51.4516 billion as of the end of December. The reserves increased to $52.5938 billion in January. They then grew to $52.7455 billion in February and $52.8306 billion in March. In April, reserves reached $53.0092 billion before climbing to $53.1342 billion in May. The June total extended the consistent monthly growth observed during the first six months of 2026.
The total for June was roughly $3.62 billion higher than the December 2025 level. This represents a growth of just over 7% in the first half of the year. In January, the Central Bank of Egypt stated reserves covered about 6.3 months of merchandise imports. The June report did not provide a new estimate for import coverage nor a detailed breakdown of the factors behind the monthly reserve increase.
June boost pushes reserves to new high
Egypt experienced significant growth in remittance inflows during the current fiscal year. Remittances amounted to $39.2 billion from July 2025 through April 2026, compared to $29.4 billion during the same period a year earlier. In April alone, inflows rose to approximately $4.3 billion from around $3 billion in April 2025. Official reports did not directly attribute the June rise in foreign reserves to these remittance figures.
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 remittances, tourism revenues, and Suez Canal income partially offset a larger merchandise trade deficit. Meanwhile, net foreign direct investment (FDI) inflows reached $3.7 billion in the quarter, slightly below the $3.8 billion recorded a year earlier.
External indicators support reserve milestone
On June 29, the International Monetary Fund reached a staff-level agreement with Egyptian authorities. The agreement covered the seventh review of Egypt’s economic program and a separate sustainability facility review. The IMF indicated that gross international reserves remained broadly stable at the end of March. The June reserve figure reflects discussions from 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 high 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 reading. Consistent gains from January through May, followed by a notable jump in June, culminated in a record level of $55.0723 billion based on the provisional month-end data.