Cairo, Egypt – The Central Bank of Egypt announced that net international reserves rose to $52.6 billion by the end of January 2026, marking their highest level ever. This compares to $33.1 billion in August 2022, providing coverage for approximately 6.9 months of merchandise imports and exceeding international benchmark levels, according to Reuters.
This announcement came during a meeting between Egyptian President Abdel Fattah al-Sisi and Central Bank Governor Hassan Abdullah. The meeting reviewed developments in the banking sector and the performance of monetary policy during 2025. In addition, indicators of financial and monetary stability were discussed.
Increase in net foreign assets
A statement from the Egyptian presidency indicated that net foreign assets in the banking sector rose to $25.5 billion in December 2025, the highest level since February 2020. This increase was driven by a rise in net foreign assets at commercial banks to $12.2 billion in December 2025.
The Central Bank of Egypt’s net foreign assets also reached $15.1 billion in January 2026. This reflects a significant improvement in liquidity indicators and the ability to meet external obligations.
Recovery of remittances, tourism and investments
The statement noted the recovery of remittances from Egyptians working abroad, which reached their highest level in the country’s history, alongside increased tourism revenues. Furthermore, foreign direct and indirect investments in Egyptian government debt instruments have risen.
These developments are part of efforts to bolster economic stability and support foreign currency reserves. This, in turn, contributes to strengthening Egypt’s external position and enhancing its resilience to global fluctuations.
