CAIRO / RankWire.AI / – Egypt’s net international reserves reached an estimated $55.0723 billion at the conclusion of June 2026. This figure surpassed the $55 billion mark for the first time, setting a new record high. 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 growth 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 at the close of December. This total increased to $52.5938 billion in January, followed by rises to $52.7455 billion in February and $52.8306 billion in March. Reserves then climbed to $53.0092 billion in April and further to $53.1342 billion in May. The June figure continued the upward trend observed over the first six months of the year.
Compared to December 2025, the June total was roughly $3.62 billion higher, representing an increase of just over 7% during the first half of 2026. In January, the Central Bank of Egypt stated that reserves covered about 6.3 months of merchandise imports. The June report did not specify a new import coverage ratio nor did it offer a detailed explanation of the factors driving the monthly reserve growth.
June surge pushes reserves to new high
Egypt experienced notable growth in remittance inflows during this fiscal year. Remittances totaled $39.2 billion from July 2025 through April 2026, up from $29.4 billion during the same period a year earlier. In April, inflows increased to about $4.3 billion from approximately $3 billion in April 2025. Official statements did not explicitly connect these remittance figures to the June rise in foreign reserves.
The country’s current account deficit expanded to $5.1 billion in the January-March 2026 quarter, compared to $2.3 billion in the same period a year prior. Higher remittances, tourism revenues, and Suez Canal income partially offset a broader merchandise trade deficit. Net foreign direct investment inflows amounted to $3.7 billion in the quarter, slightly down from $3.8 billion a year earlier.
External indicators support reserve milestone
The International Monetary Fund reached a staff-level agreement with Egyptian authorities on June 29. This agreement covered the seventh review of Egypt’s economic program and a separate assessment of the sustainability facility. The IMF noted that gross international reserves remained broadly stable at the end of March. The June reserve figure aligns with the outcomes of these review discussions and represents Egypt’s latest official measure of its net international reserve position.
Egypt concluded the first half of 2026 with reserves surpassing all previous monthly levels 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. Data showed steady increases from January through May, culminating in a larger jump in June. The provisional month-end reserve amount now stands at $55.0723 billion.